Price increases throughout the economy meant farmers spent a whopping 140% more on fuel, 57% more on fertiliser, 30% more on dips and sprays and 24% more on seeds and plants.
Thursday, May 21, 2009
The Days of Cheap Food Are Over
SHOOT: Farmers were paid 30% more for what they produced, but only produced 12% more. The difference was not pocketed as profit, but went into rising expenses, like fuel and fertiliser.