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US: Cost of potato production rise compared to 2017

What price do you need to sell last year’s potato crop at to recoup the money you put into producing it, i.e. the break-even price? Work from the University of Idaho shows that many of the inputs that figure into the cost of production rose over the last year. Extension Agricultural Economist Ben Eborn surveyed producers, custom applicators, farm leaders and others to put together a set of figures for the costs involved in production. Those costs included things like fertilizer, trucking, land rent and insurance, and were intended to gauge both the per acre costs of production and costs associated with owning a farm. Using these figures, the University of Idaho has created a tool for producers to tailor the base-line numbers for the model farm in their area to reflect their individual operations, which will give a producer the break-even price for their crop. Once released, it will be available at https://www.uidaho.edu/cals/idaho-agbiz. Read more