2011 Ag Review: Crop Production, Prices, Inputs and Livestock

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Crop input costs increased moderately in 2011 compared to 2010, with fairly significant increases in expenses for seed, fertilizer and fuel. For the second year in a row, many producers had very limited corn-drying costs, due to the early maturity of the corn and the much warmer weather pattern this past fall. Land rental rates increased significantly in many areas in 2011, and are likely to have another significant increase for the 2012 growing season. Agriculture interest rates, both for operating loans and longer-term loans, remain quite low, which is a trend that is likely to continue in 2012.

 

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