Last week we noted how US farmer sentiment plummeted in May – as producers have become anxious about their farms’ financial health.
According to the monthly survey by Purdue University/CME Group, The rapid rise in production costs and uncertainty regarding the direction of input prices have been important contributors to the drop in sentiment. About 44 percent of farmers, according to the monthly survey, cited input costs as their biggest concern for the coming year, according to the Epoch Times.
In fact, 60% of farmers predict farm input prices to be at least 30% higher this year compared to 2021.
To that end, Ohio farmer Holly Weilnau took to TikTok two weeks ago in a now-viral video to explain how farmers are suffering under inflated input costs, which is going to send the price of food much higher than it is right now.
“There are things that we have to buy,” she says, adding “There’s something we have to buy that two years ago cost us $24, last year was about $46, this year it is costing us $96.”
“Please understand, food prices are going to go up,” she continues. “You wanna act like it’s the farmers’ fault—it is not the farmers’ fault. We are barely making it to grow the stuff so you guys are able to get it in August, September, October.”