A workshop covering crop inputs and cost of production for 2022
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SCOTTSBLUFF – A workshop covering crop inputs and cost of production for 2022 was held at the Panhandle Research and Extension Center (PHREC) on Dec 15. The driving forces of input costs and commodity prices along with a new budgeting tool were discussed.
A major issue facing our producers is the lack of available supply of fertilizers and herbicides. Producers are asking about the potential availability of their supplies.
“Every farmer across the country is asking the same question. And I’ve even heard questions crop insurance about if there’s no available chemical, will we be able to prevent plant on lack of chemical,” said Jessica Groskopf, Extension Educator.
Another issue discussed was the fact that prepay is becoming a more common practice. According to one of the participants, the supplier was only guaranteeing his supplies if the participant prepaid. Groskopf said, “You’ve got to make the decision for yourself, what’s worth it? Is it worth being pressured by the suppliers to make the payment now, based on what you know, and making the best decision for your operation?”
Presenters explained that it was a difficult task to predict would be happening in the coming year. “And pricing corn in December of 2021, for delivery in October of 2022. We’ve got a lot of market to work out between now and then.” Said Groskopf. Water is also not a guarantee for the coming year due to lack of moisture this past year.
Budgeting was another topic of discussion. The University of Nebraska is introducing a new tool to help producers called the Ag Budget Calculator. This is being introduced as a replacement for their current Excel crop budget format. This will allow a producer to sign up to use the software and customize their budget according to the needs of the specific operations. This also allows access to the University of Nebraska budgets in one location.
With all of the uncertainty for the upcoming year, Groskopf said, “This is what I will say I don’t know when it will be okay. And I don’t know that everybody’s going to survive it. But at some point, it will right itself.” Said Groskopf.
The extension educators and specialists relayed that a producer should not be afraid to reach out to the extension center if they have any questions.
