By Michael Moline | Deputy Editor, Florida Phoenix

The good news for American farmers is that crop prices are really high: up 50 percent for wheat, 30 percent for corn, and 20 percent for soybeans, largely due to the war in Ukraine.

The bad news: So are prices for farming inputs like fertilizer and fuel, also because of the Ukraine war — benchmark prices on crude oil and U.S. fertilizer prices approximately tripled between January 2021 and March 2022.

Congress is trying to account for all of this in drafting the new farm bill. “The bottom line is that agriculture is a business and, at the end of the day, it is not what you bring in but the margin you are left with,” U.S. Rep. Glen Thompson, a Pennsylvania Republican, said. “I have tremendous concerns with where we are headed right now.”

Please readU.S. House Ag panel mulls safety net changes in farm bill amid soaring costs

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