U.S. agriculture is navigating a convergence of economic and environmental pressures. Trade tariffs have inflated input costs, while conflict in the Middle East disrupts the global fuel and fertilizer trade. These factors are now exacerbated by a record-setting drought; NOAA reports that 61% of the continental U.S. is currently under moderate to exceptional drought conditions.
For farmers, this "perfect storm" means labor shortages and reduced yields, likely resulting in higher food prices for the remainder of the year. Read the full story at Fortune (subscription).
Source · Fortune
