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<blockquote data-quote="HDRider" data-source="post: 1720744" data-attributes="member: 17025"><p>The cost of money is just one of a slew of other rising costs that farmers will confront in 2022, Semple said. In the past year, cash rents and input prices have already gone up, he said.</p><p></p><p>"It's going to cost $100 to $150 an acre more to plant an acre of corn in 2022 than it did in 2021," he said. "Farmers are paying $1,300 to $1,400 a ton for anhydrous ammonia. Seed prices are going to be up somewhere between 5% and 10% from last year. Chemical costs are going to be more expensive. If farmers are purchasing equipment, equipment prices are much higher today than they were 12 months ago."</p><p></p><p>Supplies are not the only thing going up.</p><p></p><p>"All of the inputs into a farm operation are up considerably for 2022 versus 2021, yet the 2022 income is still undetermined," Semple said.</p><p>[URL unfurl="true"]https://justthenews.com/nation/states/indicators-point-corrections-ahead-2022-farm-economy[/URL]</p></blockquote><p></p>
[QUOTE="HDRider, post: 1720744, member: 17025"] The cost of money is just one of a slew of other rising costs that farmers will confront in 2022, Semple said. In the past year, cash rents and input prices have already gone up, he said. "It's going to cost $100 to $150 an acre more to plant an acre of corn in 2022 than it did in 2021," he said. "Farmers are paying $1,300 to $1,400 a ton for anhydrous ammonia. Seed prices are going to be up somewhere between 5% and 10% from last year. Chemical costs are going to be more expensive. If farmers are purchasing equipment, equipment prices are much higher today than they were 12 months ago." Supplies are not the only thing going up. "All of the inputs into a farm operation are up considerably for 2022 versus 2021, yet the 2022 income is still undetermined," Semple said. [URL unfurl="true"]https://justthenews.com/nation/states/indicators-point-corrections-ahead-2022-farm-economy[/URL] [/QUOTE]
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