With planting in the Red River Valley plagued by wet weather, producers are faced with challenging conditions to plant their crops in a timely manner — but also faced with a very enticing price incentive from the current market conditions to plant when possible.
Lance Gulleson of Farmers Union Insurance in Lisbon says there are a few dates to keep in mind for producers.
The decision to plant is unique to each operation, their soil profiles, and their estimated inputs costs for fuel, fertilizer and chemicals.
Lance says the decision this year is more complicated because of current futures prices and cash levels for many crops.
Lance suggests that growers check out an online NDSU Extension Prevented Planting tool to make an informed decision.
The program uses partial budgeting to compare the economics of prevented planting with either late planting the crop, for which a prevented-planting payment could be received or planting some other crop.
The tool can be found here: https://www.ndsu.edu/agriculture/ag-hub/ag-topics/crop-production/tools/2022-prevented-planting-analysis-tool
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