Farmers Share Cost-Cutting Plans

More than 700 farmers responded to questions from Farm Journal Media earlier this spring. Here’s what they said about how they will reduce expenses.

• Nearly 68% will reduce farm equipment purchases.
• About 44% will postpone non-equipment capital purchases.
• Just over 41% will use no- or low-till practices.
• Almost 31% will buy less fertilizer.
• About 25% will reduce seed costs by buying less trait seed.
• More than 22% will increase variable rate application of fertilizer and crop protection inputs.
• About 21% will negotiate lower land rents
• Another 21% plan to reduce energy consumption through improved equipment maintenance or power generation.
• Almost 21 percent will use fewer pesticides, fungicides and insecticides.