{"id":351304,"date":"2026-03-27T22:35:10","date_gmt":"2026-03-27T22:35:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/351304\/"},"modified":"2026-03-27T22:35:10","modified_gmt":"2026-03-27T22:35:10","slug":"why-many-farmers-wont-make-money-this-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/351304\/","title":{"rendered":"Why many farmers won&#8217;t make money this year"},"content":{"rendered":"<p>Chris Gibbs already knows he\u2019s going to be in the red this year. Again. <\/p>\n<p>He owns 560 acres in Maplewood, Ohio. He farms mostly soybeans and corn, which get turned into vegetable oil, livestock feed, and corn syrup. He also grows a bit of wheat and has a few dozen cattle. In the driveway, he\u2019s got a semi-truck holding a thousand bushels of corn, ready to go to Dayton, Ohio, tomorrow to get turned into syrup.<\/p>\n<p>A lot of his costs have gone up this year. <\/p>\n<p>Since the war in the Middle East started, <a class=\"externallink\" title=\"\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/gasprices.aaa.com\/\">the price of diesel<\/a> is up more than 30%. <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2026\/03\/20\/middle-east-war-raises-costs-for-farmers\" rel=\"nofollow noopener\" target=\"_blank\">Fertilizer<\/a> has also gotten more expensive. He says prior to the war, he paid $665 per ton for urea. By March, it was $852 per ton. Gibbs uses a lot of both, especially as he enters planting season.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/1552f6-20260325-ohio-farmer-truck-600.jpg\" alt=\"Chris Gibbs stands in front of his semi-truck. On the driver's side door is his brand, which reads, &quot;Gibbs Farms.&quot;\"\/><\/p>\n<p>The diesel in Gibbs&#8217; truck is one of his many production costs that increased this year. He says he uses the most during his planting season, which starts in less than three weeks.<\/p>\n<p>Caleigh Wells\/Marketplace<\/p>\n<p>Tariffs are making things more expensive, too. He opens up a shed where he stores some of his machines.<\/p>\n<p>\u201cThis piece of John Deere equipment is made in Moline, Illinois. Doesn&#8217;t get any more American and apple pie than that,\u201d he says.<\/p>\n<p>He lifts a cover on his grain head, which harvests soybeans and wheat. He points to a casting and a pulley, which were both made in China. The drive chain he replaced on his corn planter last year is made in China, too.<\/p>\n<p>\u201cWhat do you believe farmers make things out of? Steel, aluminum, and lumber, which have been <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2026\/02\/16\/how-might-end-to-steel-and-aluminum-tariffs-impact-consumers\" rel=\"nofollow noopener\" target=\"_blank\">tariffed recently<\/a>,\u201d he says. \u201cWhen you tariff China and when you tariff our trading partners, that hurts me, because that makes these parts <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2025\/11\/25\/john-deeres-earnings-can-give-insight-to-ag-economy#what-john-deeres-earnings-can-tell-us-about-the-trade-wars-impact-on-agriculture\" rel=\"nofollow noopener\" target=\"_blank\">more expensive<\/a>.\u201d<\/p>\n<p>And while his costs are up, his sale price is down. Because of import taxes, countries <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2025\/09\/16\/soybean-farmers-face-a-hard-choice-without-their-top-buyer\" rel=\"nofollow noopener\" target=\"_blank\">aren\u2019t buying U.S. crops<\/a> like they used to. He\u2019s also got corn leftover from last year. And he\u2019s got to take whatever price his buyer offers, just like every other farmer.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/ee1ba3-20260325-ohio-farmer-john-deere-600.jpg\" alt=\"Chris Gibbs points to several parts inside his John Geere machine that have a &quot;Made in China&quot; stamp on them.\"\/><\/p>\n<p>Several parts inside Gibbs&#8217; John Deere equipment were made in China. He says especially when a part needs replacing in the spring, he&#8217;ll pay whatever the dealer charges so he can fix it quickly, even if tariffs make them cost more.<\/p>\n<p>Caleigh Wells\/Marketplace<\/p>\n<p>\u201cThey kind of <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2026\/03\/16\/texas-industries-feel-impact-of-war-in-the-middle-east\" rel=\"nofollow noopener\" target=\"_blank\">get stuck in the middle<\/a>,\u201d says economist Faith Parum at the American Farm Bureau Federation. \u201cWe&#8217;ve seen rising number of farm closures. We&#8217;ve also seen some rising number of farm bankruptcies.\u201d<\/p>\n<p>Gibbs isn\u2019t that bad off yet, but he did delay buying fertilizer this year. And he\u2019s not the only farmer doing that.<\/p>\n<p>\u201cI was talking with an ag retailer the other day. He&#8217;s like, \u2018My warehouse is still full.\u2019 And that&#8217;s not common for this time of year,\u201d says Melinda Witten with the Ohio AgriBusiness Association.<\/p>\n<p>Gibbs expects to lose $100 for every acre he plants this year. He\u2019s been losing money since 2023.<\/p>\n<p>\u201cHow long can you last, not making money? Apparently we\u2019re going to find out,\u201d he says.<\/p>\n<p>The Trump administration has sent out <a class=\"externallink\" title=\"\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.fsa.usda.gov\/resources\/income-support\/farmer-bridge-assistance-fba-program\">billions in bridge payments<\/a> to farmers to get them through this year\u2019s harvest season \u2014 a program that Secretary of Agriculture Brooke Rollins said shows \u201cPresident Trump continues to put farmers first.\u201d Parum says even with a bailout from Washington, most corn, wheat, and <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2026\/02\/20\/now-what-says-iowa-farmer-after-todays-tariff-decision\" rel=\"nofollow noopener\" target=\"_blank\">soybean farmers<\/a> will still lose money this year.<\/p>\n<p>Farmer Chris Gibbs does not like being reliant on government aid, but in the past two months, he\u2019s changed his stance.<\/p>\n<p>\u201cBy golly, this administration owes me money, because they got me in this situation. The prices of <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2026\/03\/05\/war-in-the-middle-east-pushes-diesel-prices-up-other-costs-will-likely-follow\" rel=\"nofollow noopener\" target=\"_blank\">diesel fuel<\/a>\u2019s up. That\u2019s going to cost me money,\u201d he says. \u201cWe&#8217;re not making any trade to China. That&#8217;s going to cost me money. Our nitrogen fertilizers have gone up because of the Iran war. That&#8217;s going to cost me money. By God, you owe me money.\u201d<\/p>\n<p>Related Topics<\/p>\n","protected":false},"excerpt":{"rendered":"Chris Gibbs already knows he\u2019s going to be in the red this year. Again. He owns 560 acres&hellip;\n","protected":false},"author":2,"featured_media":351305,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,172008,219,12967,14934,56165,111,139,69,13724],"class_list":["post-351304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-diesel-prices","tag-economy","tag-farmers","tag-farming","tag-fertilizer","tag-new-zealand","tag-newzealand","tag-nz","tag-ohio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/351304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=351304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/351304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/351305"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=351304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=351304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=351304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}