AFBF: Crop Farmers Saw $50B+ in Economic Losses in the Last Three Years — They Need Swift Economic Support

AFBF Vice President of Public Policy and Economic Analysis, Dr. John Newton, explains the factors contributing to the growing financial strain in the ag sector and the urgent need for swift economic support.

WASHINGTON, D.C. (RFD-TV) — The American Farm Bureau Federation (AFBF) is sounding the alarm over mounting financial strain in rural America, pointing to new analysis that highlights how producers across the country are operating below break-even margins. The organization says the pressures facing farmers and ranchers underscore the need for swift economic support.

Dr. John Newton, Vice President of Public Policy and Economic Analysis for AFBF, joined us on Tuesday’s Market Day Report to break down the findings and discuss what actions may be needed in the months ahead.

In his interview with RFD-TV News, Newton outlined the primary financial stressors weighing on the agricultural sector — including rising input costs, weakening commodity prices, high interest rates, and shrinking margins. He said these combined challenges are making it increasingly difficult for producers to maintain profitability and sustain their operations. He also discussed how recent trade developments have heightened uncertainty. Changes in export demand, shifting global competition, and unresolved trade negotiations have all contributed to volatility in key markets, putting additional pressure on farm income.

“That $12 billion that USDA might roll out the door over the next few weeks is only a small share of the losses — over $50 billion in economic losses that crop farmers have seen over the last three years combined,” he said. “Again, it’s a tough economic environment. We need bridge economic assistance from the department, and we need it in a hurry.”

With headwinds intensifying, Newton emphasized that AFBF is calling for targeted economic assistance to help stabilize rural communities. He noted that support could take the form of strengthened farm programs, temporary relief measures, or policies to improve market access and long-term competitiveness. He stressed that timely action will be essential to prevent further financial deterioration across the farm economy.

Related Stories
Speaking about his administration’s tariff strategy, Trump acknowledged that producers could face financial strain in the short term but promised stopgap support.
As input costs continue to rise, diesel prices have held steady in recent weeks, according to energy analysts at GasBuddy.
Farm work is hard work, and as the harvest season brings heavier workloads, experts are urging producers to pay closer attention to joint pain and ways to prevent it.
National Education Center for Ag Safety Director Dan Neenan joins us to discuss grain bin safety and the steps producers can take to prevent tragedies.
Farmers should anticipate continued upward pressure on farm labor costs and monitor policy changes that may further impact hiring decisions.
Cotton farmers should weigh potential PLC payments against STAX coverage and act before the September 30 deadline.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

As the government shutdown pushes the farm economy closer to the brink, Sens. Grassley and Ernst of Iowa are raising their voices for agriculture.
Dr. Jeffrey Gold discusses eye protection and injury prevention in everyday agricultural activities on Rural Health Matters.
RFD-TV farm legal and taxation expert, Roger McOwen, joins us with his perspective on what farmers can expect from the delayed aid package.
Microsoft’s partnership with the National FFA Organization is helping future ag leaders gain the tools they need to drive innovation in farming and beyond.
Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.