The chief economist for Senate Ag Republicans says production costs won’t provide farmers much relief in 2024.
John Newton tells Brownfield as the farm bill debate continues — understanding costs is critical.
“They’re the third highest all time. Look at the break even cost of production for some growers given that we are going into the farm bill, given that there is a lot of conversation about the risk management tools that farmers use in the farm bill.”
He says costs are projected to decline slightly for 2024. But…
“We know input cost are sticky.
Production cost decline, but not enough
