Risk and resilience (NC farmers)
Story Date: 10/20/2020

 

Source: Dee Shore, NCSU COLLEGE OF AG & LIFE SCIENCES, 10/19/20


North Carolina farmers have faced significant stress in recent years, and COVID-19 has made matters worse. What is NC State doing to help turn the tide? And why should we all care? The average American farmer feeds an estimated 166 people every day. But in North Carolina, some farmers feel squeezed.

The costs to produce food, feed and fiber have been rising for nearly a decade, while the prices farmers receive for their crops have not.

These trends have created what economists call a cost-price squeeze: Profit margins have become wisp-thin—or nonexistent—for many of the state’s producers.

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