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Corn futures prices that approached $6.30 a bushel in June have since tumbled to $4.10, after U.S. farmers ultimately produced record crop yields. ... expects sales of large agricultural equipment ...
U.S. producer prices fell more than expected in May as the costs of energy goods and food declined, signaling that inflation pressures were abating throughout the economy and could eventually ...
Corn prices are now up about 10% over the past month. The surge came after prices hit 2020 lows last year due to oversupply, which eroded farmers' incomes and hit the rural economy hard.
Many prices for products such as cotton, wheat, and corn, fluctuated significantly as productivity increased. [2] Some scholars point to price volatility during this period as a major cause of farmer discontent. There is evidence linking price volatility to protest within states. [3]
High food prices were also a major factor contributing to the Arab Spring unrest. [4] The deflated FAO food price index reached an all time high in 2012. [5] As a result of a very dry summer in the United States and Europe, corn and soybean prices reached all-time highs in July 2012 and prices remained high throughout 2012 [1]
The 1980s farm crisis in the USA was more localized as the strong dollar, high oil prices and the grain embargo against the Soviet Union conspired to raise farming costs and lower grain prices. [ 3 ] References
But Here's Why Prices Aren’t. Simmone Shah. August 15, 2024 at 6:50 AM. T he annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday.
A farm crisis is an American term for a time of agricultural recession, low crop prices and low farm incomes. The Interwar farm crisis was an extended period of depressed agricultural incomes from the end of the First to the start of the Second World War. The most recent US farm crisis occurred during the 1980s. [1] [2] [3]