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
U.S. Secretary of Agriculture Brooke Rollins joined us to discuss fertilizer markets, domestic supply efforts, trade priorities, and ongoing policy work aimed at stabilizing costs for U.S. farmers.
Louisiana State University Professor Shelly Pate Kerns says a late freeze forced widespread replanting of some crops across the state.
RealAg Radio’s Shaun Haney discusses the DOJ investigation into U.S. beef packers, concerns about cattle pricing, and ongoing trade and animal health issues affecting producers.
Mobile unit supports first responders with equipment and hands-on training
Event focuses on helping communities grow through local business

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:

National Land Realty’s Jeramy Stephens explains how rising input costs and economic uncertainty are impacting the farmland market and what landowners should watch moving forward.
Higher fuel costs are raising grain shipping expenses. RealAg Radio’s Shaun Haney discusses how energy market disruptions are impacting farmers in new ways as the War in Iran continues.
Texas Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
With fewer young people entering agriculture and farmers nearing retirement, industry leaders warn of challenges ahead while working to keep farming profitable and sustainable.
A late-season freeze in northeast Louisiana has forced farmers to replant thousands of corn acres, adding costs, straining seed supplies, and raising concerns about shifting to soybeans.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
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.
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.