According to statistics released by the U.S. Department of Agriculture, in April 2024, the price of agricultural production inputs in the United States increased by 9.8% year-on-year, while the sales prices of agricultural products produced by farmers fell by 1.8% compared to the same period last year.
According to statistics released by the U.S. Department of Agriculture, in April 2024, the price of agricultural production inputs in the United States increased by 9.8% year-on-year, while the sales prices of agricultural products produced by farmers fell by 1.8% compared to the same period last year.
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This situation, where input costs rise and output prices fall, will further squeeze the profit margins of U.S. agricultural workers and may have a corresponding impact on future planting and breeding decisions made by farmers.
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