Commodity prices have come down while input costs are still high. Advance Trading Risk Management Advisor Tommy Grisafi is urging farmers to consider this new dynamic. “We’re going into a record high cost of production with 30-to-40 year high interest rates into a commodity market that is depreciating,” said Grisafi. “Store and ignore might not work as well as it did in the past.” The low-interest rate environment took hold after 9-11 “so there’s three or four generations who are saying what do you mean it costs eight percent to buy a home.” The full interview with Grisafi can be found on the Red River Farm Network YouTube channel in the monthly Bull Pen report.
