Farmers are mindful of extreme volatility as they develop marketing plans.
For corn and soybean grower Mark Enninga in southwest Minnesota, he’s offsetting input purchases with crop sales and locking in margins.
“That’s the best way that I can do that.”
The Nobles County farmer tells Brownfield he’s also preparing for an eventual downturn in commodity prices.
“Conserving cash and making sure I’ve got my powder dry for opportunities to come.”
Enninga anticipates much tighter balance sheets in 2023.
