Ohio farmers face '80s-style price squeeze from rising costs, inflation
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By Casey Weldon
Published on May 1, 2026.
Rising costs are impacting Ohio's agriculture industry, which accounts for $124 billion and supports one in eight jobs. This strain on farms can also affect food prices and local economies. The state's farm economy, which includes 75,000 farms across 13 million acres, produces over 200 commodities and supports 1,000 food processing companies. However, higher prices are not translating into stronger profits for many producers due to high input costs. The Ohio Farm Bureau has compared this to the 1980s farm crisis, when high interest rates and falling prices led to widespread farm losses across the Midwest. The U.S. cattle inventory is at a 70-year low after years of drought and herd sell-offs, pushing prices higher across the supply chain. Uncertainty is affecting decisions on herd sizes, crop mix, and equipment investments. The financial pressures are being distributed across smaller farms, with smaller farmers feeling the impact first.
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