The crop put in the ground in 2022 will likely be the most expensive to date in a farmer’s career. Northland Community and Technical College Farm Business Management Instructor Ron Dvergsten says the financials still work. “It kind of reminds me of 2011-2012 when input costs were high, too,” said Dvergsten. “I’ve run some budgets this fall and it doesn’t leave a lot of wiggle room, but it does work if we get normal yield.” Many farmers were able to capture strong cash prices for this year’s crop. Dvergsten is advising his clients to also consider making sales for the 2022 crop. “Look at locking in 25-to-40 percent of your projected bushels between now and sometime next spring to give you a little buffer. Most likely, you’ll be putting more cost per acre into your farm in 2022 than you ever have in your farming history.”
Northarvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
4844 Rocking Horse Circle S, Suite 2 Fargo, ND 58104