While commodity prices remain strong, rising input costs bring a level of uncertainty to crop producers. Northland Community and Technical College Farm Business Management Instructor Betsy Jensen says farmers are nervous about what could happen. “We’re too scared to sell because we’ve sold and got burned. We’re also too scared not to sell because fertilizer and fuel is so expensive that the loss potential is great. There’s a lot of people walking on glass trying to decide what to do.” Farmers are trying to protect risk. “We don’t want to be here next fall and delivering wheat for $7 or corn for $4.” Farmers have blown through price targets, but Jensen says target dates for making sales might be something to consider.
