Source: John Hart, FARM PROGRESS, 12/13/21

North Carolina State University Extension Economist Nick Piggott sees a profitable 2022 for corn, soybean, and wheat producers. However, he cautions there is some uncertainty about profitability with rising input costs of seed, fuel, and fertilizer that will impact returns,. The question remains “by how much?” Driving strong prices are low-ending stocks of wheat, corn, and soybeans below five-year averages, reflecting strong demand that has been out-stripping supply in recent years.

For more of this story, click here.