Farmers Face Perfect Storm: K-Shaped Recovery in Farm Economy
Update: 2025-11-17
Description
K-Shaped Recovery in American Farm Economy: A Perfect Storm of Rising Costs and Falling PricesThe American farm economy is facing a K-shaped recovery, where some sectors thrive while others struggle. Farmers are grappling with increasing costs, such as fuel, fertilizer, and machinery, while crop prices have been falling since 2022. The trade war under former President Trump exacerbated the situation, leading to a decline in soybean sales to China. Economist Bernard Yaros warns of a perfect storm due to stagnant crop prices and rising interest rates on agricultural loans. Farm bankruptcies are on the rise, and the outlook for crop prices remains grim, with China not meeting expected soybean purchases and oversupply causing price declines in corn, wheat, and barley. A recent survey of economists paints a bleak picture, with most expecting the farm economy to remain weak or worsen through 2026.
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