Oh, nice day in the morning! My favourite vacation is right here! On behalf of my household, we wish to want you and your households a beautiful vacation season with a lot pleasure, peace and happiness.
Always keep in mind the cause for the season!!
It looks as if agriculture is attending to be a really advanced enterprise (like all the things else). The worth of all the things goes up, not simply in agriculture. Real items, or bodily merchandise, are all hit by inflation proper now.
In agriculture, the huge merchandise is fertilizer costs — it’s the highest value after land and equipment.
I’m reminded this: final yr’s anhydrous costs have been the most cost-effective in many years. Some of the issues impacting fertilizer now are commerce restrictions, COVID, provide chain issues, and better labor prices.
Questions many are asking embody: Should we be pre-pricing now? Should we purchase some now and take probabilities there shall be provide this coming spring?
Some analysts are saying they don’t see costs happening by subsequent spring.
When we consider our general fertilizer program inside our operations, we must always think about whether or not we’ve got been making use of greater than we’d like in the previous. It doesn’t matter the place it’s in the corn belt, many agronomy specialists say there are producers placing on fertilizer at charges above college suggestions; possibly as a result of they suppose college suggestions are too low.
It may be time to essentially take into consideration your fertilizer program and think about extra about exact placement and charges. It generally is a very costly ingredient in your yield components, particularly when contemplating nitrogen.
Without me getting on my “soap box”, it may be a wonderful time to get caught up in your soil testing.
Other objects we see at greater ranges would come with seed costs which it seems like are going up 8% to 10%. Fuel and LP prices have are greater, partly as a consequence of greater demand from an bettering economic system.
But it’s additionally as a consequence of authorities insurance policies that discourage fossil gas funding. Gary Schnitkey, Ag Economist at the University of Illinois, has been quoted saying, “If your goal is to be carbon neutral you have to make those policy changes, and transportation is a part of that. Point is, you better get used to fuel costing more. There will be incentives to curtail fossil fuel use.”
Don’t neglect to contemplate your gear prices. Machinery repairs are projected to extend 10%.
On a optimistic observe, yields for 2021 have been very favorable throughout the board for each corn and soybeans and projections for 2022 are calling for a lot of the identical for yields. Commodity costs have been robust and rates of interest are nonetheless very low. Yes, there are variables that would change a few of this however proper now that’s the silver lining.
My suggestion to all producers is to do your homework earlier than buying provides, advertising and marketing and implementing manufacturing practices. One strategy to begin getting a greater sense of all that is to attend the upcoming Agriculture Outlook Meeting set for Jan. 14 starting at 7 a.m. (for breakfast) sponsored by Paul Hall & Associates Insurance.
The assembly shall be held at the Clinton County Extension Community Room, 111 S. Nelson Ave., Wilmington.
Join the school from Ohio State University Extension and Ohio State Department of Agricultural, Environmental, and Developmental Economics as they talk about the points and traits affecting agriculture in Ohio.
Speakers will embody: Barry Ward, Inputs/Rent and Land Values; Aaron Wilson, Weather Recap and 2022 Outlook for Weather; Peggy Hall, Ag Law Updates; Carl Zulauf, Ag Policy and Farm Bill; and Eric Romich, SB 52 Solar Farm Legislation.
Thanks to help by way of the Ohio Wheat and Corn Growers Association and Paul Hall & Associates Insurance, this program is free — however registration is required by Jan. 10 for a breakfast rely — by calling the Clinton County Extension Office at (937) 382-0901.
Tony Nye is the state coordinator for the Ohio State University Extension Small Farm Program and has been an OSU Extension Educator for agriculture and pure assets for over 30 years, presently serving Clinton County and the Miami Valley EERA.