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THE<br />
COST OF<br />
FARMING<br />
Oh, how things change!<br />
Fresh off a year of strong crop prices and<br />
solid profits, Eastern Iowa farmers are facing<br />
new circumstances, including rising input costs,<br />
lingering supply chain challenges, and uncertainty caused by global events.<br />
In the short run, they’re sharpening their pencils to account for costs rising<br />
across the board – for everything from seed, fertilizer and chemicals to hired labor,<br />
machinery repairs and fuel.<br />
That means local ag producers are now navigating choppy waters that also<br />
include the impact of Russia’s war against Ukraine on food supply and fertilizer<br />
prices, as well as the effect of lingering supply chain interruptions that began during<br />
the pandemic. That’s in addition to the specter of inflation and rising interest rates.<br />
But despite this cocktail of challenges, with careful management and a little bit of<br />
luck, farmers and ag experts remain optimistic about where yields and markets will<br />
take them this year.<br />
40 EASTERN IOWA FARMER | FALL 2022 eifarmer.com
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