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Jeff_a_Caldwell
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Lower incomes ahead -- what are you doing to prepare?

Gary Schnitkey at University of Illinois says corn prices will run about $1.34/bushel lower in the next year than they have averaged from 2010 to 2012. Soybeans about 86 cents lower for that same time period. 

 

He says cutting back on major purchases (machinery, namely) and renegotiating land rents are the main ways to cut back in preparation for the overall slide. But, what else can you do on your place to trim back if this outlook reaches fruition?

 

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Jeff Caldwell
Agriculture.com Multimedia Editor
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