2023 Input Costs = Prioritize Budgeting

This 1997 AGCO Star 8360 with 3,971 hours sold for $70,300 on a Dec. 30, 2022 online auction in Minot, N.D. That’s $5,800 over record price from 22 years ago. 11 record prices were set on this auction.

While normally any moisture to the Golden State would be welcomed with open arms by farmers, the massive “bomb cyclone” storm hitting California is far from normal. A bomb cyclone, by definition, is a low-pressure system that experiences a fall in pressure of 24 millibars in 24 hours.

“Having interviewed dozens of turnaround CEOs, I have seen this narrowing of focus with most of them,” says Mark Faust, president of Echelon Management. “They have a handful of priorities for the business’s growth, as well as a handful of priorities for their own leadership behaviors and role focus.”

Farmers and ranchers love a new pickup, but would they use the latest model rolling out at the Consumer Electronic Show? Details in today's AgDay Minute.