by Examine Midwest Reporting Employees, Examine Midwest
July 2, 2025
by Examine Midwest Reporting Employees, Examine Midwest
July 2, 2025
Final month, Examine Midwest’s Monica Cordero explored why President Donald Trump’s second commerce battle may hit U.S. farmers more durable than his first.
Her story reported on the varied monetary challenges farmers face. Listed below are 4 charts from that story that spotlight these challenges:
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Internet farm revenue declined for 2 consecutive years after peaking in 2022.
“We’ve seen web returns to crop producers fall again to ranges we hadn’t seen since earlier than COVID,” mentioned Patrick Westhoff, director of the Meals and Agricultural Coverage Analysis Institute (FAPRI) on the College of Missouri.
That is partially attributable to declining grain costs. For instance, soybeans — a serious U.S. export and a pillar of the Midwest economic system — have misplaced 34% of their worth on the worldwide market.
Nonetheless, whereas farmers make much less from lots of their merchandise, their bills have additionally elevated.
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Lots of the mostly used fertilizers have elevated in value by double-digit percentages over the past 5 years.
In the meantime, agricultural mortgage rates of interest have soared to historic highs.
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On the identical time, mortgage reimbursement charges have dropped.
“Mortgage reimbursement has dropped,” mentioned Chad Hart, a professor of economics at Iowa State College. “Quite a lot of this motion is because of simply the overall decline in crop revenue over the previous couple of years, which began earlier than the commerce combat.”
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You’ll be able to learn extra about this information in our latest story on how Trump’s second commerce battle is hurting farmers.
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