Farmers are closing the books on 2023 and planning for the year ahead. University of Minnesota Extension Agricultural Business Management Specialist Garen Paulson leads the Southwest Minnesota Farm Business Management Association and says many producers had an average crop this past year. “The 2023 crop was probably some of the most expensive corn and soybeans our producers have ever grown,” said Paulson. “Those that did some margin management and got some corn sold when they were buying inputs are probably going to see some real dividends.” Interest rates are a bigger factor on the balance sheets this year. Listen to the full conversation with Garen Paulson here.
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