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Ukraine conflict sends input and output prices higher for farmers

You will find farmers beginning to get into their fields in the coming weeks as they face higher prices for the products they produce and what it takes to make them.


The United Nations Food and Agriculture Organization predicts that the Russian invasion of Ukraine could cause grain prices to rise as much as 20 percent in the short term. They estimate 20 to 30 percent of Ukraine’s winter wheat, corn, and sunflowers may not be planted or go unharvested this year. On the flipside, fertilizer prices could go up another 13 percent, and diesel prices are also hitting record highs. Adam Barta from Rio Creek Feed Mill says he encourages farmers to lock in at least some of their prices now if possible.

As a result, you will likely see livestock prices also tick up as it becomes more expensive to feed them. Food prices went up over seven percent from January 2021 to January 2022. 

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