Farm Management Specialist Kent Thiesse, who moderated the AgriGrowth Spring Economic Forecast program, said crop margins remain extremely tight. “We came into the year probably below break-even levels for most producers,” said Thiesse. “Now with the issues with the war in Iran and the Strait of Hormuz and the input costs even going higher, we’ve seen a little improvement in crop prices, but certainly not to the degree to offset some of those margins.” Thiesse said many farmers who already secured fertilizer and crop inputs may avoid immediate impacts, but in-season nitrogen applications and fertilizer purchases could still be affected.
