x
Breaking News
More () »

Arkansas farmers face decline in profitability year-over-year

Farmers and ranchers are faced with higher prices, resulting in a forecasted profit decrease of 4.5% year-over-year, experts say.

ARKANSAS, USA — Arkansas farmers are being impacted by a double-edged sword when it comes to inflation. Input costs are spiraling upward, but so are futures market prices in some cases, meaning the crops or livestock they produce are gaining value.

Mark Lambert, director of Commodity Activities and Economics with Arkansas Farm Bureau, told Talk Business and Politics that the state has two types of farmers – livestock and row crop. During the past year, many of the pressures that have jolted the agriculture sector have hit both, Lambert said.

He said that profits would likely take a hit as the year unfolds.

“Farmers and ranchers are faced with higher prices, resulting in a forecasted profit decrease of 4.5% year-over-year. Farm debt is outpacing farm assets, and with farmers facing additional challenges like an interest rate increase, we will likely see farm debt accumulation accelerate,” he said.

Click here to continue reading from our content partners Talk Business & Politics.

5NEWS ON SOCIAL MEDIA: Facebook | Twitter | Instagram | YouTube

DOWNLOAD THE 5NEWS APP
DOWNLOAD FOR IPHONE HERE | DOWNLOAD FOR ANDROID HERE

HOW TO ADD THE 5NEWS APP TO YOUR STREAMING DEVICE

ROKU: add the channel from the ROKU store or by searching for KFSM in the Channel Store.

For Fire TV, search for "KFSM" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.

To report a typo or grammatical error, please email KFSMDigitalTeam@tegna.com

Paid Advertisement

Before You Leave, Check This Out