U.S. farmers tighten belts to compete with cheap LatAm grain
Story Date: 10/30/2017

 

Source: REUTERS, 10/26/17

When Kansas farmer Tom Giessel drove over a deer carcass and punctured a tire on his combine during harvest this fall, he did not have the time or cash to fix it. He borrowed his neighbor’s combine to finish. U.S. farmers are cutting costs any way they can to compete against cheaper producers in Argentina and Brazil. Four years of global oversupply have pushed down grain prices, reduced agricultural revenues and put more expensive producers under financial pressure. 

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