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Nebraska farmer is encouraged by the financial outlook for next year

A Nebraska farmer says he’s optimistic about his farm’s financial performance heading into 2023.

Jay Reiners says crop insurance payments will help boost his bottom line after some crops suffered from drought and hailstorms. “Everyone had pretty decent replant yields.  With a decent price, that’s the gravy on top.  That’s the bonus that’s going to help us out this year. It’s nothing like harvesting 250- or 275-bushel corn at $7, but it definitely helps.”

He tells Brownfield high interest rates on operating loans are a major concern. “Had a really good year this year.  I’ll use a lot of capital to self-finance input purchases and try not to take as much money out as possible.”

But, Reiners says, he’ll still be cautious managing risk for the next crop year. “We’re dealing with huge amount of dollars now with the same amount of margin as years past. The dollars that are going to be going out are unbelievable.”

He grows corn and soybeans near the South-Central Nebraska town of Juniata.