A crop insurance agent says risk management remains crucial for the 2025 growing season.
Randy Svehla, with Farm Credit Services of America, says low commodity prices remain a concern.
“Bottom line, inputs are high and commodity prices are low, and so what can we do to take advantage of adding more revenue on the risk protection side.”
He tells Brownfield margins are tight, and farmers need to better understand their cost of production.
It’s a lot easier making a decision when corn is $5 and $6 because we’re ensuring maybe we’re heading for a profit or we’re ensuring we’re covering pretty good,” he says.
Svehla says farmer optimism isn’t as high as it’s been in previous years.
“It all depends on what happens in other countries like South America, exports and imports. We’re still in a drought cycle. We know we had some moisture this fall, but drought is still a concern,” he says.
Brownfield interviewed Svehla at the 2024 Nebraska Ag Expo, in Lincoln, Nebraska.
AUDIO: Randy Svehla, Farm Credit Services of America
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