The input costs for growing alfalfa, corn, soybeans, and wheat in Wisconsin are predicted to be mixed in 2015. Crop prices are forecasted to be lower. Fertilizer prices are mixed. Pesticide prices are expected to be slightly higher. Fuel prices should be lower. Seed prices are expected to be stable to lower, according to Ken Barnett, University of Wisconsin-Extension educator emeritus.
“When deciding how much of an input to apply, producers can maximize their investment in that input by considering its marginal rate of return,” said Barnett.