An Indiana farmer says commodity prices might be at record highs, but that’s only part of the story.
Kevin Cox, farms in west central Indiana, says corn and soybean prices have hit levels he never thought he’d see. But, he says, “I’ve never seen inputs this high before.” “When you take anhydrous that’s more than double, almost triple what it was last year, and we’re burning $500 almost $600 worth of diesel to put the crop in the field,” he says. “You know, those are real numbers.”
He tells Brownfield that adds a lot of pressure to the growing season. “With the level of input costs where they are,” he says. “I have to have the best crop I have ever seen.”
Cox says the higher input costs have forced him to be even more critical when it comes to using any products that aren’t a necessity.