As the U.S. government passes another COVID stimulus package, Utterback Marketing President Bob Utterback sees easy money policies causing headaches down the road. “As long as the commodity demand remains stable, costs will increase. When costs go up, they’re reluctant to go down.” Utterback says a price squeeze will follow the bull market with fertilizer, fuel and land costs increasing. “We’re starting to see $400 cash rents in Indiana and Illinois. Costs are going up and that will put pressure on farmers trying to decide between corn and soybeans.”
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