INPUTS
High feed costs, retail resistance and resuming Mexican imports signal lower prices, but structural supply limits offer downside protection.
A new report commissioned by NCGA and ASA found 90% of 1,200 farmers surveyed say they are more or equally concerned about their farm financials than a year ago.
After a growing season with multiple windstorms, tornadoes and 15" to 20" more rain than normal, Cody White in Maroa, Illinois is seeing corn bushels 25-30 bushels lower than last year.
Diesel costs for US farmers are double last year’s level, pressuring food transport and retail.
Sulfur prices have surged more than fivefold, threatening phosphate fertilizer production. With global supply tightening, farmers could face higher prices, or even fertilizer shortages, heading into the months ahead.
“I’ve spent less than 35% of normal chemical costs so far this year,” Orin Romine says. “It’s not complicated. On my operation, the math works.”
Two months after a NCGA study showed U.S. farmers pay double what Brazilian farmers pay for some crop inputs, Iowa’s senior senator is asking President Trump to step in.
Farmers face potentially thousands in added costs as diesel inventories hit 40-year lows.