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.

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