Crop-production Costs Will Jump Dramatically In 2009, Study Predicts
Thursday, July 24, 2008 - 19:35
in Mathematics & Economics
Soaring energy prices will yield sharp increases for corn and soybean production next year, cutting into farmers' profits and stretching already high food costs, according to a study. Costs to get crops in the ground will jump by about a third in 2009, fueled by fertilizer prices expected to surge 82 percent for corn and 117 percent for soybeans.