Small American Farmer Says “This year is going to be a hard one for all farmers, big or small
Farmers are the backbone of the world and need the support now more than ever”
2020 load of diesel cost = $10,000
2024 load of diesel cost = $30,000
2020 operating cost per acre $567
2024 operating cost per acre $830
2020/2021 Average cash rent in was $147 an acre
2024 Average is $250 an acre (in MO)
Operating notes in 2020 had an average of 2% interest rate
Today, operating note rates are 9% +
And that’s not all
https://twitter.com/i/status/1773887740633100719
@WallStreetApes