US farmers see soaring input costs and plunging crop values as China, Russia smash inflation lower

US and EU shoppers face soaring food inflation, paradoxically at the same time food prices are collapsing globally. This also has a hugely adverse impact on our farm sector, who are being hit with rising input costs and export markets that have all but disappeared.

Farmers across the developing world are reaping giant gains in crop yields and productivity from low-cost, high quality Chinese equipment that isn't available for sale in Western markets.

And large food exporting countries which are under sanction, such as Russia and Iran, are largely off-limits to trade in Western markets, but do so freely with the rest of the world, cutting prices further. Strangely, even Ukraine is producing record harvests, to the point that the European Union is raising tariffs to protect farmers in Western Europe.

Resources and links:

High Food Prices Hit Hard
https://www.ift.org/news-and-p....ublications/food-tec

Exclusive: Commission reintroduces tariffs on Ukraine’s oat and eggs, eyeing sugar next
https://www.euronews.com/my-eu....rope/2024/06/19/excl

Consumers Battle Fatigue Over Food Inflation
https://www.prnewswire.com/new....s-releases/consumers

Bloomberg, EU Tensions Over Ukraine Crop Imports Spread to Sugar Market
https://www.bloomberg.com/news..../articles/2023-11-28

Visual guide to regulations for final EPA Tier 4 engines
https://ckpower.com/wp-content..../uploads/2015/10/t4-

Iran’s agricultural products export up 33% in 5 months yr/yr
https://www.tehrantimes.com/ne....ws/502879/Iran-s-agr

Russian exports of agro products 10%-11% YoY higher in tonnage in 2024, lag in value - Agriculture Minister
https://interfax.com/newsroom/top-stories/105383/


Africa's agricultural revolution: From self-sufficiency to global food powerhouse
https://www.whitecase.com/insi....ght-our-thinking/afr


Revisiting Farm Production Expenses
https://www.agriculture.senate.....gov/newsroom/minori

Lower crop prices and rising costs squeeze farm profit margins
https://illinoisagconnection.c....om/news/lower-crop-p

Farm profits facing crop price threat, higher costs
https://www.arkansasonline.com..../news/2024/aug/12/fa

Closing scene, Hebei countryside