Farmers Face Lower Costs, Greater Weather Risks: Kiplinger Economic Forecasts

Increased output and falling underlying costs will help, but the weather could yet be a wild card.

Senior farmer standing in an Indiana cornfield
(Image credit: Getty Images)

The fortunes of the agricultural sector have a major impact on the prices we pay for essential goods and therefore the wider economy. So to help you make better investment and other financial decisions we will keep you in the loop on major developments in this market (Get a free issue of The Kiplinger Letter or subscribe). You will get them first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…

Major farm input and crop prices will be lower this year than in 2022. Fertilizer prices, for example, are down nearly 60% from last year’s peak and are now only 36% above where they were during the same period in 2019.

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Matthew Housiaux
Reporter, The Kiplinger Letter
Housiaux covers the White House and state and local government for The Kiplinger Letter. Before joining Kiplinger in June 2016, he lived in Sioux Falls, SD, where he was the forum editor of Augustana University's student newspaper, the Mirror. He also contributed stories to the Borgen Project, a Seattle-based nonprofit focused on raising awareness of global poverty. He earned a B.A. in history and journalism from Augustana University.