US Farm Production And Expenses Rise
The US Department of Agriculture reports that overall farm production and expenses are currently rising. Farmers are facing simultaneous upward pressure on inputs like fertilizer and downward pressure on product prices. This price spike occurs as the agricultural sector manages low margins and existing volatility from the war in Ukraine. The increase in diesel costs adds to the overall financial strain on the farming industry. Farm expenses have increased significantly, with one farm's gasoline consumption alone costing an additional 36,000 British pounds, approximately 330,000 Chinese yuan, compared to previous years due to rising oil prices.
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Sources · 7 independent
Bloomberg Radio
“US Department of Agriculture says overall farm production and expenses are rising.”
NPR
“How exactly is oil market instability affecting the price of oil, price of gas, farm diesel costs according to the Farm Bureau are up 46% since that end of February.”
CNR Economic Voice
“据私立介绍，过去几年，从春耕到秋收的几个月里，他的农场大约要消耗6万升汽油。油价上涨后，仅此一项，农场开支就比往年多出3.6万英镑，约合人民币33万元。此外，与能源价格一起大涨的还有化肥价格。目前化肥价格约为”
CNR Economic Voice
“据私立介绍，过去几年，从春耕到秋收的几个月里，他的农场大约要消耗6万升汽油。油价上涨后，仅此一项，农场开支就比往年多出3.6万英镑，约合人民币33万元。此外，与能源价格一起大涨的还有化肥价格。”
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