Changes in Agricultural Input Costs and Their Impact on Net Farm Income

The recent rapid increase in commodity prices is not an unique event. It has happened several times in the past. Commodity prices have always dropped, returning to a more normal level. Production costs, on the other hand, follow commodity prices up but do not follow them down. Net farm income has increased rapidly in most commodity sectors of agriculture. However, production costs have increased substantially during the past few years. Those cost increases will reduce net farm incomes in the future if commodity prices do not continue to increase.


Issue Date:
2008-10
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/44821
Total Pages:
22
Series Statement:
Agribusiness & Applied Economics Report No.
637




 Record created 2017-04-01, last modified 2017-04-04

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