With soybean prices predicted to be lower in 2016, it’s more important than ever for farmers to look at ways to lower costs. In fact, one farm management specialist from the University of Illinois recommends cutting costs by $100 per acre to remain profitable. Some areas to consider are farm machinery and capital purchases, fertilizer, chemicals and seed.
Learn more about how you can trim costs in these areas in this article from the United Soybean Board.
