How do I pull it all together?
Any way you want to look at it, farm costs are up. I can't think of any input to our operation that hasn't risen in the last few years, some a little, others a lot. The prices of machinery, seed, technology, fertiliser, steel, pipe, water, labour (when you can get it) are all up 10 to 50% in the last 2 years. And, then of course, there is diesel, nearly double the price at the farm gate of 3 years ago. Commodity prices as you know have not risen in proportion; in fact unless you grow beef, they have stayed flat or like cotton, have fallen.