countless other essentials. between march, 2021, and march of this year, prices for meats, poultry, and fish are up more than 13%. dairy products, 7%. it costs you 8% more to buy fresh fruit and vegetables and more than 9% to buy cereals and bakery products. inflation is hitting food producers hard, too. despite these increases in prices for the consumer, net farm income is forecast to decrease by $5.4 billion. it s costing more to grow and harvest crops, and flainflation just one part of that. supply chain issues and the war this ukraine are driving up the cost of fuel and fertilizer. don hartman runs a family business, hartman farms, in new mexico. thank you so much for joining us this morning. thanks for having me. don, when you look at your business overall, what s been hit the hardest? well, obviously the checkbook. we borrow massive amounts of
Missouri farm income appears on pace for another record year, according to John Kruse, associate research and extension professor in agricultural and applied economics at the University of Missouri.
and you are looking at triple digit percent increases for the major fertilizer prices as they are today, so that goes into th higher food prices and then as you mentioned, fuel as the othe big input cost. the fuel prices for the trucks to move these things around our up significantly come up 64 percent from a year ago. look at the net farm incomes, the 2022 forecast of $113 billion, joe were pointing out that s actually down from the net farm income of 2021 while food prices have gone so much higher so explain. that is 100 percent accurate in looking backwards, it s a real situation that you are going to be able to your not going to be able to determine exactly what he s going to make on his farm until he has his harvest occur, but the inputs
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