Impact of Inflation and Economic Policy on U.S. Farmers

Farming in America has never been so expensive. Rising energy costs also mean farmers are losing money running tractors and sprayers by hand. More expensive agricultural inputs such as fertilizers and chemicals are also putting pressure on profit margins. 4,444 months before the US midterm elections, President Joe Biden signed the anti-inflation bill into law. Part of the bill was aimed at helping farmers weather the current economic crisis and making climate-sensitive sectors more resilient. The bill allocates him $20 billion to support farmers' climate-friendly farming practices. It also allocates $3.1 billion to the USDA to help struggling farmers.
Despite promises to farmers, many of them remain staunch Republicans in this campaign. Many believe that Biden's political stance, in particular, led to the price crisis in the first place. Filmed in collaboration with Dakote News Now, this story takes us to the important agricultural state of South Dakota. The sector is worth his $32 billion to South Dakota's economy, representing almost a third of the state's total economic output.

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