America's Farms are Getting Wiped Out

Mar 15, 2024

∙ Paid

Farm production costs in 2022 topped $452.7 billion, up 15.2% compared to 2021. USDA highlighted nearly every segment of input costs were higher, but livestock producers bore the brunt of higher costs, mainly due to higher feed values. (USDA National Agricultural Statistics Service chart)

If you dream of escaping the cubicle and starting a farm, new data says America's farmers are getting wiped out.

Leaving hollowed-out communities that rival the rust-belt.

A few days ago the USDA reported that the number of farms in America plunged by 140,000 in the last 5 years -- that's roughly 2,500 farms going bust every month.

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