What is in this article?:
- 2013 Buyer's forecast: Seed
- Higher seed production costs
- Tight seed supplies
- Expanded growing areas
- Order early
- Production in South America
Uncertainties abound for corn and soybean production in 2013. Potential drought, crop insurance payouts, and commodity prices are just a few major unknowns. To help growers prepare for the next year, Farm Industry News put together a buyer’s forecast of interest rates and the costs of production inputs and land. Featured here is the 2013 forecast for seed.
The rest of the input forecasts may be found here:
As seed companies continue to deliver new genetics and trait packages in their seed products, producers can expect to pay a bit more in 2013. While individual pricing packages vary depending on the product mix, industry sources indicate seed will be 5% to 10% higher.
A diverse product offering, increased costs of production, and significant investments in research and development have helped to push prices higher. And with historically tight inventories that are driven by increased demand and less than stellar seed production years, it’s unlikely that any significant discounts will await producers who hold off their purchases.
“Pricing will depend on the product mix and hybrids a farmer chooses,” says Danielle Stuart, a spokesperson for Monsanto. “If a farmer selects a new hybrid, it will be priced slightly higher than a hybrid that has been on the market for a few years.”
