With lower commodity prices, farmers are penciling out their costs for 2025. CoBank Lead Economist for Farm Supply and Biofuels Jacqui Fatka is seeing ag retailers provide extra financing options for the farmers who need them. Fertilizer, pesticide, and fuel expenses are down nearly ten percent year-over-year. Farmland values remain strong and farmers who own land rather than rent it have an advantage. It is a time of the ‘haves and have-nots.’ “There is a definite difference between those producers who are capitalized and own their own farmland versus maybe the younger or new beginning farmers who don’t have as much owned land and haven’t been able to use those high years pay off their debt quick and then use that as collateral building forward.” Fatka says there will be pressure for farmland rents to come down slightly. Listen to the full interview.
