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

 

By Chuck Abbott, Successful Farming

Agriculture.com - 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...

 

more, including links 

https://www.agriculture.com/news/business/farmers-hit-by-supply-chain-delays-expect-higher-input-costs