Farmer juggling risks from volatile grain market and input costs

An Illinois farmer says it is difficult to keep track of all the factors pressuring the global grain markets.

Lance Panzer of Waltonville in southern Illinois tells Brownfield the war in Ukraine, drought in the western US and excess moisture in the eastern corn belt are just a few of the ones he is watching.

“My goodness. This year is definitely one of those years that you have to read and keep on track of everything that is going on because it can move the grain market a dollar in a day’s time.”

He says they have forward contracted one-third of their production for soybeans and corn.

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