
As winter settles in, farmers are quickly turning attention to 2022 farm planning. Factors like farm labor availability and supply chain disruptions potentially complicate some normally straightforward purchase and planning decisions. Planning ahead is more important than ever.
This year’s “off-season” decisions could have lasting financial implications for many farmers. It’s time for a deep-dive into your 2022 farm planning and how you’ll make the most of every dollar of your planned spend.
Crop inputs
Crop farmers could see disrupted availability and higher prices for crop inputs like fertilizer herbicides and pesticides in 2022. As you firm up cropping plans for 2022, act quickly to capture any possible price discounts. Think about product bundling discounts and alternate products or practices in the event a specific herbicide isn’t available, for example.
“Talk to your suppliers early to identify challenges and buying opportunities,” said Nationwide Agribusiness Risk Management Consultant Derek Hommer, CCA. “Consult your agronomist, extension service or weed scientist on programs that will fit your farming operation.”