Last spring fertilizer and chemical prices were high almost across the board. This year prices are in a much different spot says FBN chief economist Kevin McNew.
Global tensions have calmed down some since last spring and that has made fertilizer prices more affordable for Iowa farmers. A milder winter in Europe than was expected has also helped to slash prices says McNew.
Farmland values have been climbing in recent years and the western corn belt states have benefitted in a big way. FBN’s Kevin McNew says that growth is still taking place but has cooled off some.
When focusing on the long-term economic picture for Iowa farmers, McNew has a lot of positives to point to.
That is FBN Chief Economist Kevin McNew who spoke with the Iowa Agribusiness Radio Network at Commodity Classic in Orlando Florida earlier this month.