Economic Tidbits

Wrapping Up 2022

Financial conditions for the bulk of Nebraska farms and ranches were better finishing 2021 than they have been for many years. One of the bigger questions for 2022 is whether commodity and livestock prices will stay ahead of rising input costs. Rising fertilizer, chemical, and fuel costs point to considerably higher production costs next year. And rising feed costs will affect many livestock producers. Mix in the supply chain bottlenecks, ongoing COVID-19 outbreak, and ongoing uncertainty, 2022 will be challenging for agricultural producers. But if history is any guide, Nebraska producers are resilient, and this year will be no exception.

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