In a year marked by drought, floods, and increased fuel and fertilizer costs, Louisiana farmers’ overall net income will be higher this year than last year, according an LSU AgCenter economist.
The dry weather allowed for easier and efficient harvests of most crops, and yields were respectable despite a number of challenges, AgCenter economist Kurt Guidry said in a news release. The drought increased costs for farmers, who had to irrigate their fields, and for cattle producers, who had to pay higher feed costs.
"The flip side to that is that commodity prices got to extremely high levels this fall," Guidry said. "Most of our commodities — our row crops, corn, soybeans, wheat to some extent, cotton — all had opportunities for producers to lock in some really high prices."