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Higher diesel to slice into 2012 ag profits

Apr 20, 2012
Gas guzzlers beware: Higher diesel prices could take some of the fun out of farming in 2012. Assuming an Illinois corn grower averaged $2.83/gallon for diesel in 2011, each $1/ gallon increase in 2012 will shave this year’s profit margins as much as 4.5 percent, according to Sam Bachman, a financial consultant with AgriSolutions, Brighton, IL.

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