Propane supply steady, prices higher heading into 2022 harvest
As harvest season gets underway across parts of the Corn Belt, farmers might have a steady supply of propane and limited price volatility.
Mike Newland is the director of ag business for the Propane Education and Research Council and says prices are higher than last year. “Propane has really faired very well in this run up in the energy sectors. We’re in a better spot than any of those other fuels. A pretty wide margin quite honestly. We’ve really deviated to the good of propane from where we see our crude oil prices.”
He tells Brownfield supply will support demand even in areas where farmers planted late. “I’m watching the Dakotas pretty heavy. We think there is a pretty significant amount of above moisture in those areas. There are a couple of crop districts in Minnesota we’re keeping an eye on, but in general, we’re going to have a pretty average year across the country. We think grain dryers will run more than last year.”
Newland says farmers should participate in an early tank fill program to beat peak harvest demand.
Brownfield interviewed Newland at 2022 Husker Harvest Days in Grand Island, NE.
Mike Newland, Director of Ag Business with the Propane Education and Research Council: