Lower fertilizer costs will ease breakeven challenge for farmers, says Purdue
Commodity prices are forecast to fall in 2024 but so will crop production expenses, said agricultural economist Michael Langemeier of Purdue University. “Moderation in input prices, particularly fertilizer prices, is likely to result in lower breakeven prices in 2024.” Farm production expenses were forecast by the USDA at a record $458 billion this year, up… » Read More
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