Inflation wreaks havoc in agricultural production

While some crop prices rose in 2021, input increases are cutting into producer profits Ṫhe U.S. Department of Agriculture Economic Research Service forecasts net farm income rose 20 percent in 2020 relative to 2019 and was up by 23 percent in 2021, but increases in production costs, along with fewer government payments offset higher cash receipts. Now with inflation contin...