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
Faster approvals could speed projects, but may face scrutiny.
In a landmark preliminary agreement filed in the U.S. District Court for the Northern District of Illinois, Deere & Co. agreed to a $99 million settlement to resolve a consolidated class-action antitrust suit.
New wage rules improve accuracy but may still raise labor costs.
Catch the double-episode premiere of Prairie Prophets, Tuesday night at 9 PM ET on RFD Network and RFD+
Teams create meals from pantry items while incorporating a surprise ingredient
Seth Tucker of Tucker Farms, a first-generation Arkansas farmer, says rising input costs are forcing changes to his operation, including stepping away from rice this season.

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:

Elena Chavez with Halter provided insight into the company’s virtual fencing technology, its adoption in the U.S., and the impact of recent funding on ranching operations.
Brooks York with AgriSompo addresses how current market conditions and risk management are impacted by volatility in the Middle East, and considerations for farmers in the spring planting season.
The Biden Administration launched the Increasing Land, Capital, and Market Access (ILCMA) program in 2023 to help underserved farmers facing barriers to land ownership.
Farm CPA Paul Neiffer provided guidance on navigating the R&D tax credit, emphasizing record-keeping, eligibility, and maximizing potential savings as crop margins remain the key pressure point for farmers.
Justin Tupper with the U.S. Cattlemen’s Association joins us to discuss the USDA’s voluntary labeling updates, industry priorities, and the outlook for U.S. cattle producers.
RFA and ACE leaders join us to discuss the latest developments in ethanol policy, market impacts, and the path forward
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.