NDSU Extension released its short-term and long-term price projections for farmers and ranchers preparing annual budgets and cash flow projections. NDSU Extension Farm Management Specialist Ron Haugen says the short-term crop and livestock projections look promising. “For sure, almost all crop and livestock prices are up.” Haugen says the outlook for all crops is good. “Soybeans are taking a hike right now. I’m not sure it will last, but they look good. Almost all specialty crops are good because you don’t have as many inputs on those, but you’re not going to plant the whole farm to a specialty crop.” Corn, soybean and wheat prices are described as “fair.”
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