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I’m excited about autumn 2022 drilling because we have some of the most exciting technologies to offer Wynnstay customers that we’ve seen for years. We also have strong grain prices, and the Wynnstay Arable Event is back!
Now it hasn’t and won’t all be level ploughing. We continue to see a shift in our climate and seasonality, making us all rethink our production to meet the milder winters and wetter summers. The war in Eastern Europe will limit the amount of grain and oil coming out of the region, reduce new plantings, force prices up and cause worldwide anxiety. Closer to home we’ve seen a 26% increase in crop protection products, a three-fold increase in fertiliser inputs, and fuel costs have doubled as Red Diesel surpassed £1.37/lt.
On a positive note, grain prices have hit record levels increasing 75% per tonne to +£300, farm gate milk value was up 24% over 2021, and red meat prices rose as much as 25%. Sale and purchase timing continues to be the maker and breaker but there are good profit opportunities out there for the smart farmers.