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With commodity prices slightly higher and cost of production continuing lower, 2019 crop budgets approached economic break-even. While budgets have improved, it also seems uncertainty has increased. With producers and grain markets focused on current crop conditions, agricultural retailers and input suppliers are beginning to plan for the 2020 crop year. What does 2020 have in store? Will economic conditions again improve, or deteriorate?
From the crop-mix planted to the intensity of inputs utilized, the economic conditions realized going into the 2020 crop season will greatly influence the sales environment agribusinesses will face. The AEI Crop Budgets are monitored and updated quarterly to help agribusiness leaders prepare and plan for the economic realities their farm customers will face.
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