Dramatic increases in labor costs and other input, along with climate change, have put significant pressure on farmers’ profits, according to analysis from McKinsey & Company.
Farmers have reported that the cost of fertilizer and crop protection has risen by 80 to 250 percent over the past few years.
Meanwhile, a warmer climate is resulting in increased weather variability, more frequent acute weather events, longer droughts, and new invasive crops and pests, all of which reduce yields. [Read more…] about Rising costs, climate change and lack of automation putting pressure on farmers’ profits









