Greg Hoegermeyer, a Washington County Farm Bureau member, who serves as an At-Large Board member on the NEFB Board of Directors, agrees.
“I think farmers and ranchers will start to feel the pinch next year. Our greater concern will begin when farmers and ranchers can’t import our needed inputs. It isn’t this year that is my concern, it is next year that might be a greater concern,” Hoegermeyer said.
Commodity prices remain low across several major crops, putting additional pressure on farm income. While fuel costs have begun to stabilize, prices for essential inputs such as seed, fertilizer and machinery repairs continue to rise, further eroding profitability.
Yet, even as outside pressures mount, farmers are staying focused on the factors they can control. NEFB members say strategic planning, financial discipline and smart marketing will be essential to getting through the year ahead.
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