By Mike Wilson
Farm Futures
It’s old news to say crop input costs are going up – way up. But as you’re working through your 2022 crop budgets, let’s add some context.
The price of everything is going up, not just in agriculture. Real goods, or physical products are all hit by inflation right now.
Of all the crop inputs going higher, fertilizer is the most obvious, in part because it’s the highest cost after land and machinery. But consider this: last year’s anhydrous prices were the cheapest in decades, so it’s not a big stretch to say ‘anhydrous prices have doubled.’ We’ve seen high prices before – remember 2008?