- Eighth District Farmers Navigate Global Supply Uncertainty
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FRB of St. Louis
2023.01.17
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Successive shocks have disrupted global supplies of fertilizer and other agricultural inputs, raising prices and generating uncertainty for farmers worldwide.
In response to increased fertilizer costs, Eighth District farmers have adjusted crop production and formed unofficial purchasing co-ops to negotiate better prices.
Measures of financial stress are well below levels seen in past farm crises, suggesting that U.S. agricultural firms remain in a relatively strong financial position.