U.S. farmers and agricultural businesses are encountering significant challenges, including global competition, rising costs, and increasing extreme weather events, leading to economic instability. Row crop farmers, particularly corn and soybean growers, are facing potential losses of $50 to $70 per acre. The agricultural sector, representing only 1% of the population, must collaboratively promote stability and innovation to secure a reliable future for farming and food supply. Land O'Lakes emphasizes that their cooperative's success relies on member-owners, highlighting the necessity of considering their needs in decision-making processes amidst rising pressures.
Today's U.S. farmers and agricultural businesses face intensified global competition, record trade deficits, rising costs, and extreme weather events threatening economic stability.
Collaboration is crucial for stability in the food and agriculture sectors. By working together, we can capture efficiencies and reinvest in innovation.
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