“Our whole scheme is to control all the variables that we can, and in order to do that there’s all these elements of inputs at the right time, at the right amounts, and if you get the timing wrong or the amounts wrong you may have wasted your whole year on that crop.”
“And I’m pretty worried about whether we’re gonna have all the inputs that we normally need to grow the crops in the manner in which we normally grow them.”
And he’s not alone. According to a poll released by Purdue University, many farmers are worried about large increases in input costs.
Purdue said, “43% of respondents said they expect farm input prices to rise by more than 16% in the upcoming year.” “Although much of the attention on increasing input costs has focused on this year’s dramatic rise in fertilizer prices, virtually all other input costs ranging from farm machinery to seed and fuel are on the upswing as well.”
While the US Department of Agriculture is forecasting an increase in net cash farm income nationally, the regional outlook is mixed. Here in Idaho the forecast is for a decline in income. Add to that inflation at the highest level in decades.
Sid says he’s looking at the possibility of stocking up on extra fuel and Round Up.
“If the prices continue to drive upward, and then availability is also not there… I don’t know, you might see guys electing not to grow anything.”