Ag News: Costs of Crops Outpacing Revenue

**The cost of growing crops could outpace revenue for many farmers this year, making it more difficult to break even despite rising commodity prices and increasing domestic and global demand.

An American Farm Bureau Market Intel Report says farm production costs are likely to rise 6% in 2022, following a 12% rise last year.

This continues a trend, as farmers have seen almost all production expenses rise since 2013.

**The United Nations says the war in Ukraine is already resulting in higher food prices and a shortage of staple crops in central Asia, the Middle East, and North Africa.

The Russian invasion of Ukraine has severely cut down on shipments from the two countries, which ship 25% of the world’s wheat exports and 16% of global corn exports.

Reuters says surging grain prices are starting to pressure retail food prices in some of the world’s poorest countries.

**Agriculture groups, including the American Farm Bureau Federation, had two requests for a stay of the EPA’s ban on chlorpyrifos TURNED DOWN by a federal court.

But, DTN says the court will allow the latest suit against the agency to go forward.

The groups say the EPA’s decision to revoke the food tolerances for the insecticide causes major harm to their industries, which uses it to control pests like aphids, stink bugs, and more.