Source: Chuck Abbott, SUCCESSFUL FARMING, 5/4/22

A significant number of America’s biggest farmers expect this year’s sharp increases in the price of fertilizer, pesticides and machinery parts to continue in 2023, said Purdue University on Tuesday. Three of every four producers polled for the monthly Ag Economy Barometer said they expected farm input costs to rise by at least 20% this year, while more than one-third said they expected 2023 crop input prices to be at least 10% higher.

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