Along with the recent rise in commodity prices, producers have seen increasing input prices, illustrating the importance of knowing your operation’s cost of production. To discuss how cost-of-production budgets can assist crop producers in getting a handle on their finances, is Cory Walters, a professor and grain marketing specialist, and Glennis McClure, a farm and ranch management analyst. Both work in the Department of Agricultural Economics at the University of Nebraska-Lincoln.

Read more: https://cap.unl.edu/crops/2022-cost-production-increases-expected-profit-and-navigating-riskier-financial-environment.