Cost of growing food in US set to rise by most ever in 2022

Harvest of corn in Southwest Michigan. This combine fills up the tractor and trailer with corn. The corn is delivered to a semi truck while the combine is able to keep on harvesting.

The cost to grow food is soaring according to a new US report, a sign that inflation and its worst effects, such as hunger, aren’t over.

Everything that farmers use to cultivate crops from fertilizer to feed and labor are skyrocketing in price. Production costs are estimated to rise by $66.2 billion or 18 percent in 2022, the most ever, according to the US Department of Agriculture. 

The boom in America’s farming costs comes as the world increasingly turns to the US for supplies as the war in Ukraine roils commodity markets and disrupts crucial grain shipments from the Black Sea, one of the world’s breadbaskets. Global food prices have touched records in recent months as inflation ripples through economies and levels of hunger are on the rise.

The biggest leaps in costs come from fertilizer and feed for raising animals. Corn and wheat prices remain elevated with Black Sea exports still in turmoil. Fertilizer markets have surged on worries that sanctions over the Ukraine war would hurt shipments from Russia, a major exporter. Europe’s energy crunch is also forcing some plants to close or curtail production. 

Image credits: Loren King/Unsplash



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