US Corn Farmers Priced Out by Higher Input Costs

The National Corn Growers Association has released a report comparing input prices for US and Brazilian farmers. According to the report, despite being the most productive and efficient corn producers in the world, US farmers are being priced out of the market due to higher input costs.

NCGA's chief economist, Krista Swanson, notes that producing more output with fewer inputs should create a competitive advantage for US farmers. However, this has not been the case in recent years as increasing input costs have eroded some of these advantages.

The report found that when comparing per-unit input costs for US and Brazilian farmers, it becomes clear that US farmers are at a disadvantage when it comes to paying for inputs such as fertilizers, seeds, and pesticides.