N.D. farmers eyeing wheat prices; hesitant to after high inputs

BISMARCK, N.D. (KFYR) – North Dakota skilled file spring wheat and durum yields in 2022, however now producers are going through a peculiar subject.

Agriculture Commissioner Doug Goehring says the value of wheat is unusually low, contemplating the market elements. And that’s an issue for producers who paid excessive costs for inputs final spring. He says if costs don’t improve, some farmers in North Dakota would possibly select to develop a unique crop.

“It’s impacting selections being made by farmers proper now, as to whether or not they’re even going to plant wheat this spring. As a result of a few of them are telling me, even with the nice wheat crop that they had, once you’re seven-dollar wheat, money value, they are saying, ‘I can’t make it on that. Not with what I’m paying for bills,’” stated Goehring.

Final 12 months, Russia’s invasion of Ukraine despatched wheat costs hovering. Since warfare has crippled the nation’s planting capabilities, larger costs could be anticipated, however wheat futures are approach down from their highs in March of final 12 months.

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