News

Farmers advised to take field-by-field approach to cost management

An ag economist encourages farmers to be mindful of production costs amid continued market volatility.

Dr. Megan Roberts with Compeer Financial says many growers are dealing with depressed commodity prices and high input costs.

“As you are starting this new growing season, making sure that you really have a very keen idea of what your cost of production is as you’re moving into this 2026 season.”

She tells Brownfield some of those inputs are already paid for.

“So making sure you’ve properly allocated those and you’re tracking them. If you can, knowing that cost of production at an enterprise level from commodity to commodity. But if possible, really down to that field by field level.”

Roberts says that can help farmers form effective risk management and marketing plans.

Roberts made these comments during a recent Compeer Ag Economic Minute, a podcast partnership with Brownfield.