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Article: GROWERS SHOULD EXPECT BUDGET SQUEEZE IN 2010
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 6, 2009
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WEST LAFAYETTE, Ind., Oct. 5 -- Purdue University issued the following news release:
Farmers should see some relief on input costs next year, but profit margins are still likely to be squeezed.
Bruce Erickson, a Purdue University agricultural economist, said growers would likely see the most savings on fertilizer costs in the 2010 planting season.
"Some farmers were spending as much as $200 per acre to fertilize the 2009 corn crop, more than rent in some cases, when you consider nitrogen, P and K replacement, and any liming requirements," Erickson said. "Next year it will be about one-third less in our projections about $100 to $130 per acre depending on soils and crop rotation."
Erickson ...