Purdue Extension farm business management specialist Allen Miller is recommending 10 strategies to maximize efficiency and reduce fuels costs. Miller comments, "At Purdue, we've estimated it will cost farmers $10 more this year to produce an acre of corn just due to fuel for machinery operation. To plant an acre of soybeans, it will cost farmers $4 more per acre than last year, and for wheat, $6 more per acre." Nonetheless, Miller noted that machinery fuel is a relatively small part of the total cost of producing corn and soybeans compared to the rest of the operation, at approximately 7 percent.
Posted:
May 8, 2008