U.S. farmers are struggling with low crop prices and high production costs. Banks are refusing credit to some farmers, meat processing plants are closing, and farm equipment manufacturers are cutting production. As a result, thousands of workers are losing their jobs.
In recent years, crop prices have fallen while costs have risen. In the fall of 2025, a record harvest was produced, but this led to an oversupply in the global market. Soy exports to China fell due to trade issues, adding pressure on farmers’ incomes. The government provided a $12 billion aid package, but experts say it is not enough.
Production costs, especially for fertilizer and other resources, are expected to remain high in 2026. Corn costs are expected to rise 3% and soy 3.1%. At the same time, crop prices remain low, and many farmers face financial losses.
The financial pressure is also affecting jobs in rural areas. Schools, hospitals, and local government offices may also reduce positions. Experts say the government needs to provide long-term support for farmers to continue their work.
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