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The profit margin outlook for corn, soybeans and wheat is relatively positive as planting season approaches. Prices of all three of our main commodity crops have moved higher since last summer and forward prices for this fall are currently at levels high enough to project positive returns for 2021 crop production. Recent increases in fertilizer prices have negatively affected projected returns. Higher crop insurance costs as well as moderately higher energy costs relative to last year will also add to overall costs for 2021.

The current weather outlook for early spring planting season is starting to sound like a broken record of the last few years – a wetter pattern than normal for Ohio and the Great Lakes region. Along with a warmer than average pattern. So, it is more important than ever to be ready to take full advantage of any short windows of opportunity we will get to be in the fields this spring. This is particularly important because most forages should be planted earlier rather than later, the exception being the warm-season grasses like sorghum-sudangrass.