Items Tagged with 'costs'

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Ag Facts: Food Prices Less Volatile Than Fuel Prices

Rising fuel prices can raise questions about the implications for food prices. Motor fuel prices for the first eight months of 2012 were 3 percent higher than those from the same time in 2011, which in turn were 28 percent higher than 2010 prices. Food prices usually move in the same direction as fuel prices, often with a slight lag as fuel costs are incorporated into food prices. However, while the direction is often the same, the sizes of the price swings differ.
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The Cost and Risks of 300-Bushel Corn

Today’s farmers are profitable. According to the USDA, 5 of the all-time top-earning years in U.S. agriculture occurred in the last 7 years. While high input costs, global recession and other factors reduced farm profits by 20% in 2009, 2010 is expected to be a rebound year. Net farm income is forecast to be up 11.8%, or $6.7 billion, this year compared to 2009.
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