Items Tagged with 'farm input costs'

Some farm groups are calling on Congress to allow farmers to reallocate the base acreage they have enrolled in farm programs, a move that could allow growers to increase their potential government payments.

Farmer sentiment improved in April with commodity prices spiking amid Russia’s war in Ukraine, but producers increasingly worry about the steep increases in input costs, a monthly survey shows.

Russia’s invasion of Ukraine could raise grain prices as much as 20% while boosting fertilizer prices another 13% and further inflating food costs, the UN Food and Agriculture Organization warns.

U.S. farmers are already suffering from high fertilizer costs, and Agriculture Secretary Tom Vilsack on Thursday warned suppliers not to try to take advantage of the chaos from the Russian invasion of Ukraine by raising prices.