Rising Input Costs Pressure Farmers Ahead of 2027 Crop Decisions
The CEO of Pivot Bio, Chris Abbott, stated that rising input costs are continuing to pressure farmers ahead of their 2027 crop decisions. This is a different situation than previous years, according to Abbott.
In contrast to the Russia and Ukraine conflict, which led to higher commodity grain prices at the same time as rising input costs, farmers are now facing increasing costs without corresponding revenue growth.
Missouri farmer Tom Boedeker expressed concern about the impact of nitrogen and phosphorus price increases on his 2027 crop. He is considering cutting back on some inputs.
Pivot Bio has taken steps to mitigate the effects, including lowering prices for its nitrogen-producing seed treatment products and offering rebates to customers who had already purchased them.