Ample global wheat supply and low prices are squeezing U.S. farmers' profits, jeopardizing their ability to break even in 2024. Despite improved yields, plummeting prices from global competition and high production costs mean many may operate at a loss. The U.S. Department of Agriculture predicts a significant drop in farm income, reflecting a broader trend of declining profitability in the wheat market. Yet, farmers continue planting wheat due to its role in crop rotation, even as they face financial strain and limited alternatives.
3 months ago

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