2022 Fall Farm Outlook

Page 14 2022 Fall Farm Outlook Lincoln Daily News Oct 2022 threat of a rail strike overseas has backed up tech materials and there is a sulfur backup as well. Plus a truck shortage that may not catch up until spring. Micro nutrients like sulfur and zinc are in tight supply. Question Two, costs: He believes it will be higher; more than the usual inflation increases because there is no indication at this point things will even out; especially if the rail strike happens. Gule added that the company has always tried to hire retired truckers because they are more reliable and available but when Covid hit many of the older guys didn't want to work so they had to find new drivers. Remington Seed Lincoln Scott Miller with Remington Seed had some short and quick answers. He sees no supply issues for seed (question one) Question Two, costs: Higher across the board because of higher costs in labor, fuel, packaging, etc. Lincoln Ag Hopedale Ag Scott Noltensmeier has concerns about supply due mostly to transportation needs for the products the company offers. Question One: On the fertilizer side of the business he said“[We] need rain to keep the Mississippi River running [as the] cheapest form of transport.” Products including DAP and Potash are shipped into the area from New Orleans via barge and a low river means no barge traffic. On the chemical side of the business Noltensmeier says that the global market will influence the availability of product. He also has concerns about the current energy crisis saying that fuel and electric prices will also impact supply. Question Two, costs: Notlensmeier says fertilizer will be higher this spring but chemicals will be flatten out in 2023. Top Flight Elevators Lincoln Todd Steinberg fromTop Flight elevators said supply issues (question one) are going to be connected to transportation. He said getting trucks will be the challenge. Fortunately the company was able to move a lot of grain this summer so they do have containment for what comes later, but are watching the transportation issues along the way. From the elevator’s viewpoint, the costs (question two) are going to be higher because of the increases in energy costs for drying and CONTINUED --