Lower prices at the pump are not just good for Michigan motorists, but for farmers as well, according to a recent analysis.
According to MSU Extension Services, farmers could save 13% on operational costs this year compared to last, based on current gas prices.
Jerry Lindquist is with the MSU Extension Services.
He said, “Gas prices will be a benefit the longer they stay down as we approach the planting season. It will reduce the price of operations with running of equipment, especially at the tillage time, planting time, and then if it should last into the fall, through the harvest season as well.”
Lindquist said savings will be a particular benefit for producers in northern Michigan, where corn and soybeans are predicted to be less profitable this year, due to low commodity prices.
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