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Farmers and ranchers see rising crop prices, but higher production costs as well

Article from AWB

Commodity prices continue to rise for farmers and ranchers in Washington and across the country. The war in Ukraine is having an impact in this sector as well.

A year a
go, a bushel of wheat traded for $6.27, according to the Wall Street Journal. On Friday it traded for $10.98 – a 75% increase.

This means more income for Washington's wheat producers, and other farmers and ranchers throughout the U.S.

But inflation and supply chain problems continue to pose major challenges for American agriculture. In fact, the price of fuel and fertilizer is rising faster than the price of grain, leading the Washington Post to conclude "Higher Food Prices Aren't Making Farmers Richer."

Washington wheat farmer Mike Carstensen also discussed rising production costs with the Seattle Times last week in this overview of Washington's wheat crop, which is consistently one of the largest in the country.

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