The farm bill remains on the ‘to do’ list for farmers attending Commodity Classic. When it comes to an update to reference prices, Minnesota Association of Wheat Growers Past President Mike Gunderson wants to see parity for wheat. “Over the last five years, corn has been at about 90 percent of their cost of production, soybeans are in the upper 80 (percentile) and wheat is down in the 70s (percent of the cost of production,” said Gunderson. “Trying to compete with the other commodities, wheat is at a disadvantage if you look at cost of production with the reference price.” Gunderson acknowledged it will be difficult to secure the budget necessary to update reference prices.”
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