Farmers paying almost double for fuel and fertilizer amid economic crisis – WAND (Decatur)

"The fertilizer that helps raise that crops, a lot of that comes from overseas. So we're looking at you know, ocean freight, barge freight, truck freight, just to get it to our warehouse and from there more truck freight and these applicators that we use the spreader that it takes fuel on every step of the process," said Mark Bauman, general manager of Central Commodity FS.
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Freddy
2 years ago

Even though farmers are paying double for fertilizers one thing is missing from this equation. Water! We are still in a drought pattern that may last years. Not much snow on top of little rain in our area and most of the west and midwest. It will cost farmers more than twice as much to TRY to grow crops which are dependent on water. It is raining in areas where few crops are grown and drying up where many crops are grown. The world is in a turmoil due to oil prices but the shortage of clean water in the… Read more »

James
2 years ago
Reply to  Freddy

Farmers are gamblers at heart or fail to recognize it when things go awry. Some years they win big-time, some are equally bad, and most years they can some variation of a reasonable living. Where they tend to “score” really heavily, if literally many decades of evidence is proof, is in owning at least some farm land. Many such farmers live modestly by necessity or choice depending upon the year, but land-value appreciation over several decades can make their estate’s beneficiaries wealthy, indeed, more often than not.

susan
2 years ago
Reply to  Freddy

The most un-reported property tax burden story in Illinois is the parabolic rise in farmland property tax assessment engendered by tying to a U-of-I-derived productivity index (which does not factor in drought). No Illinois political class member is willing to address: property tax assessment of farmland reflects what Illinois productivity soil index determines is ‘fair market value’. In real life, fair market value for farmland is calibrated to cost of inputs and revenue potential. Soil productivity is one component to determine a willing buyer’s perception of value, but another component is the buyer’s cost burden of owning that land. (In… Read more »

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