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.

Marion is a digital content manager for RFD-TV and The Cowboy Channel. She started working for Rural Media Group in May 2022, adding a decade of experience in the digital side of broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Alan Bjerga with the National Milk Producers Federation joins us to discuss the idea behind the campaign and why accurate labeling on plant-based beverages matters to both consumers and dairy producers.
Hughes shares how he’s preparing for the competition, his partnership with Bass Fishing Hall of Famer Mark Davis, and his journey from cattle ranching to professional bass fishing.
Lewis Williamson with HTS Commodities joined RFD-TV’s Market Day Report to share insight into what’s happening on the ground and in the markets.
Cottage cheese sales are on the rise across the U.S., and industry leaders believe interest on social media is contributing to the surge in consumer demand.
FarmHER Nikki Boxler, aka The Maple Farmer, blends tradition with innovation, tapping into a bold new future for maple syrup.
Agriculture Shows
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.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
The goal of “Where the Food Comes From” is as simple as its name implies — host Chip Carter takes you along on the journey of where our food comes from — and we don’t just mean to the supermarket (though that’s part of the big picture!). But beyond where it comes from, how it gets there, and all the links in the chain that make that happen.
Join markets specialist Scott Shellady, better known as the Cow Guy, as he covers the market-close, breaking down headlines that drive the commodities and equities markets with commentary from respected industry heavyweights.