261: How To Navigate Agricultural Market Challenges, with Dr. Scott Irwin
Update: 2024-08-19
Description
How are farmers supposed to thrive when the cost of production for an acre of corn has skyrocketed from approximately $800 in 2017 to more than $1,100 today? Join us for a discussion with Dr. Scott Irwin, the Norton Chair of Agricultural Marketing from the University of Illinois, as we unpack the soaring production costs, the impact of inflation on farm expenses, and the intricate balance of maintaining profitability in such volatile markets. He offers his expert analysis on the various factors driving these cost increases, from fertilizer and seed to labor and insurance, and delves into the broader implications for the agricultural sector. So, don't miss this comprehensive episode packed with invaluable expertise and practical advice for today's farmers.
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