2022 was a year of high input costs and price volatility. Supply chain disruptions from the Covid 19 pandemic, labor shortages, and the war in Ukraine created many logistical problems that led to higher prices. Farmers Business Network co-founder Charles Baron says that 2023 has been a different situation so far.
Strong commodity prices helped farmers to mitigate the high input costs in 2022 but this year has brought new challenges. Interest rates have steadily increased says Baron.
Baron says that FBN has expanded its infrastructure network and can deliver input products that farmers need directly to them as soon as next day.
Baron says that FBN has also partnered with Archer-Daniels-Midland for a program that can improve grower’s profitability and sustainability.
That’s Farmers Business Network co-founder Charles Baron who spoke with the Iowa Agribusiness Radio Network at Commodity Classic in Orlando Florida last week.