2022 Fall Farm Outlook

2022 Fall Farm Outlook Lincoln Daily News Oct 2022 Page 15 storing grain. “Drying and storage costs have been higher due to the cost of electricity and gas prices,” But he is hoping it will all level out soon. In summary, are we going to have supply issues across the board in the agricultural sector? Short answer – yes. It seems that some of the dealers queried are more optimistic than others and that may be due to the goods or services they will be offering to the producer. Seed is much more of a local resource than dry fertilizers which are mostly imported from overseas. Farm equipment is also at the mercy of imported goods and are less likely to recover quickly from the supply chain crisis. All agree that it is going to cost more to farm in 2023. Inflation is high, the cost of living is high, interest rates are increasing, raw material costs are increasing and the delivery of energy is increasing. While it is often quipped “what goes up, must come down,” the odds that it is going to happen in 2023 are slim in the opinion of most of our local ag suppliers. [Karen Hargis]