Farmers Still Seen Making Money Despite Soaring Fuel, Fertilizer
Crop prices have risen more than enough to cover the higher costs, Kansas City Fed says
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Farmers are still making money despite the higher costs for fuel and fertilizer, as crop prices have risen even more.
That’s the view of Federal Reserve Bank of Kansas City researchers, who see Russia’s invasion of Ukraine have “long-lasting” effects on the commodity markets. “Disruptions associated with the invasion have contributed to increases in commodity prices, which could support commodity-producing regions and businesses,” they said Monday in a report.