Supply chain issues could worsen in 2022. There’s already a shortage of glyphosate and glufosinate. “We’re not seeing the light at the end of the tunnel just yet,” said Roland Fumasi, regional manager, RaboResearch Food and Agribusiness. Seed prices are also expected to increase. “We think 2022 seed prices may increase eight-to-14 percent, driven by strong commodity prices. Last season, a lot of the deals on seed were made in late 2020, before the major surge of commodity prices. Seed suppliers didn’t have enough information to take advantage of that.” Despite the surge in prices, Fumasi expects U.S. farmers to remain profitable next year.
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