Episode 94 – Navigating high input prices in this new season.

Once again, we are reminded that no two seasons are the same.

Distinct from prior seasons, we find ourselves in a new business environment where, like diesel prices, the cost of many farm inputs has increased by 30% plus.

The result of COVID and fuel prices on freight, combined with the Russia - Ukraine conflict, we may be looking at a situation where some inputs are in short supply at the farm gate.

In this podcast, and on the back of a local meeting with a buying group I am part of, I invite local Cootamundra Nutrien Branch Manager, Timothy Callan, to join Greg Johnsson and me to discuss this issue.

In this, we explore:

what Nutrien are seeing in terms of input pricing and availability;

what is causing these issues;

where the problems are (Urea in particular);

what is the outlook for this, and how long might it last; and

what to do about it.

In addition, I ask FOA Co-Founder Greg Johnsson to discuss:

the mindset we need to have around this;

the need to keep perspective and see the whole picture when making decisions;

the concept of farming for margin at this time;

understanding the law of diminishing returns;

using the analytical tools available to support decision-making; and

the value of quality agronomic / business advisers at this time.

A relevant topic and an important conversation.

With favourable prices across most commodity categories at present, there is an immense opportunity this year IF we analyse well, make strong and early decisions and farm for margin and not yield.

Thank you all, and all the best as we get underway with this unique and new season.

Keep winning!

Hutch

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