High input costs and tight margins are putting additional pressure on farm finances. “It is certainly a situation where we’re seeing some farms already looking at doing restructures,” said Keith Olander, executive director, AgCentric. “Even when we start approaching $5 corn, we are still below water as it relates to covering costs.” A proactive approach is needed. “Farmers are going to need to know their costs of production probably more than ever. Marketing is also critical because you’ve got to grab these surges in price as they come.”
