Modern family farmers face an unsustainable economic situation where the costs of farming inputs (machinery, fertilizer, nitrogen, chemicals, seeds, and labor) have increased dramatically since 1970, while the prices they receive for their crops have remained largely unchanged, forcing farmers to either reduce their product prices or increase their selling prices to maintain profitability.
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The Cost of Farming Has Exploded, But The Prices Paid to Farmers Hasn't Kept UpAdded:
Because of the cost and the income of farming now, cost of machinery, cost of your fertilizer, nitrogen, your chemicals, seeds, labor for when you take them machinery to the shop, where we sell our product is the same price as it was right now as it was in 1970. Or they either have to come down on the price of their product or they're going to have to increase the price of our goods.
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