Fuel and fertilizer.
The cost of them has spiked
due to the war in Iran
that has disrupted
crude oil fields and transport
as well as
the export of fertilizer.
So what are your
farmer members saying
about the price shocks
happening right now?
Well, lots of concerns.
Some of our members actually
were able to book
other inputs last fall.
So probably aren't
going to see that
sticker shock
this spring
like we are
amongst other members
that don't have
the ability to
because of cash flow problems
by that.
So they're right now
probably examining
"Do we stay with corn
and need to put more nitrogen
on the ground?
Or should we look at
small grains crop?
Or do we plant more soybeans?"
Just because of
that price of fertilizers
has increased so much
in the last two weeks here.