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Article: Your ag customers will feel a cost-price squeeze.
- Article from:
- Implement & Tractor
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Farm Journal Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* Your ag customers will feel a cost-price squeeze--U.S. farmers are facing an increasing cost-price squeeze this year, economists from the Food and Agricultural Research Policy Institute reported to Congress in March. The economists said farm production expenses that increased $28 billion in the past three years will jump another $7 billion in 2006. In addition, rising energy prices, including fuel and fertilizer, have increased $10 billion since 2002, and costs for feed, seed, purchased livestock, repairs and interest payments have also increased substantially.
The agricultural economists also ...