Crop prices have dropped after supply shortages stoked profits. Farmers and equipment makers are cutting costs, but livestock is doing well.
Food exports are doing well, but imports are up. The strong dollar is part of the equation.
Unfavorable weather in the Southeast and Midwest has made for a national peach shortage. The lack of supply means prices have climbed between 25-50% this summer in some markets.
Rising interest rates and high crop prices costs are making it more expensive to store grain — a critical step for many farmers.
