Farmers, Hit by Supply Chain Delays, Expect Higher Input Costs


By Chuck Abbott, Successful Farming - 1/5/2022


According to the latest Ag Economy Barometer released Tuesday, supply-chain disruptions continue to “haunt the nation’s agricultural sector,” with four of every 10 large-scale farmers and ranchers reporting difficulties in buying inputs ranging from fertilizer to farm equipment parts, according to the Purdue University survey.


Some 57% of the largest U.S. farmers – the group surveyed for the monthly barometer – said they expect input prices to rise by at least 20% over the next 12 months, 10 times the usual annual increase. In the previous Purdue survey, 55% said they expected input prices to rise by at least 12% in the coming year.


“Supply chain issues continue to haunt the agricultural sector,” said economists James Mintert and Michael Langemeier, who oversee the barometer...


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