Producer Price Index
In February, farmers experienced a slight increase in prices, though it fell short of surpassing last year’s numbers.
While this adjustment is substantial in percentage terms, according to David Widmar with Agricultural Economic Insights—it is part of the natural ebb and flow of the agricultural economy.
Diesel prices are on the rise, posing a huge challenge for farmers as they navigate their operations through the beginning of harvest season for many key U.S. crops.
Final Demand Prices rose 0.7 percent, marking the highest Producer Price Index monthly increase since June 2022.
Some of the nation’s top crops could cost farmers less to plant next year, according to new research from the USDA’s Economic Research Service.
