FARM BUSINESS NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Thu Jun 20, 2013 07:08 PM CDT

HADDONFIELD, N.J. (DTN) -- Soybean farmers like Ron Moore of Roseville, Ill., say their biggest challenge is juggling the cost balancing act -- trying to offset rapid increases in production cost with slower increases in productivity. That's a nationwide predicament: A typical grower in southwest Minnesota spent $11.75 to grow a bushel of soybeans in 2012, up from a mere $4.55 per bushel in 2005, according to the state's farm business association records.

Sudden affluence in the farm community the past few years encouraged growers to spoon feed every acre. "When soybeans were $14 or $15, it was pretty easy ...

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