Many farmers are facing tighter margins compared to the last two crop years.
Glenn Wachtler with Compeer Financial says a good marketing plan should begin with break-evens in mind.
“Fertilizer costs are trending down a little bit (so) we need to put that back into our budgets to make sure we’re looking at our correct break-evens and not guessing at that. So we know where we need to be as far as pricing in our corn and soybean crops.”
From there, he tells Brownfield farmers need to execute on their risk management plan.
