Fertilizer prices have more than doubled since last year. Chemical, fuel, and labor costs are higher. Feed costs have surged. No doubt one of the bigger challenges this year for crop and livestock producers will be managing for the higher costs. The success of the farm and ranch operation this year could very well hinge on how well producers manage for the higher costs and volatility.
This Nebraska Farm Bureau Inside Profitability series webinar focuses on managing the farm or ranch in a high-cost and volatile environment. The webinar features extension educators from the University of Nebraska with management tips and strategies for navigating the higher costs this year.
Learn how to recognize how higher costs are reflected in cost of production changes, identify key information important in making management decisions on cropping practices, input usage, and risk management, create strategies for managing higher input prices, and link input costs to commodity prices at harvest to examine profit potential.