Iowa farmers face some of their toughest times since '80s crisis
By Jason Clayworth
Published on April 27, 2026.
Falling crop prices and high costs are impacting Iowa farmers, with some warning that this strain resembles the 1980s farm crisis. The downturn is affecting the U.S. food supply and affects rural communities and consumers. Crop commodity prices have fallen from pandemic-era highs to low-$4 range and soybeans have dropped from $13–$15 to around $10 per bushel. Meanwhile, fertilizers, often the highest cost for farmers, have remained near peak levels. Diesel prices have also surged since the Iran conflict, with prices in Iowa around $4.80 per gallon rising from about $3.40 a year ago. However, despite this, experts believe that the stressed but not collapsing farm economy will not significantly impact the industry.
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