CEA’s Kaitlin Schmidtke explores how additional energy development can help offer stability to farmers across the state, who spend about 30% of their annual expenses on energy each year.
There are many expenses that go into running a farm and ensuring profitability. That includes taxes, hiring and training labor, feed seed, livestock, fertilizer and pesticides. Farmers also need to account for fluctuating energy costs like fuel and electricity, which can account for up to 30 percent or more of expenses. These prices, like the weather, swiftly impact farm operations and bottom lines.
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