In the latest RRFN and AgCountry Farm Credit Services Fielding Questions episode, AgCountry Market Vice President Ron Haugen talks about inflation. “This year, we’re getting hit with chemical and fertilizer expenses higher than previous years. Those continue to increase, but all of our customers try to trim expenses where they can,” says Haugen. “Our customers, when you take the period we’ve gone through leading up to this, it was tough to turn a profit. In 2020 and 2021, they were able to make some profit, but in 2022, we’re seeing high prices. On the other side, we’re seeing high input costs as well. A farmer’s net return could be less than the previous two years.” Listen to this episode.
