Date of this Version
Cornhusker Economics (May 2012)
A few months ago I was talking with a producer and I mentioned that I worked with farmers on calculating cost of production, among other things. He posed the question of why do farmers really need to know their cost of production? Sure, five or six years ago when margins were tight cost of production was important in marketing their crop, but what’s the point with the increase in crop prices and wide margins?