Stephanie Nash, a fourth-generation dairy farmer, predicts drought, supply chain issues and rising interest rates could spell an even worse 2023 for farmers.
A number of factors have contributed to rising food prices, including fertilizer and fuel shortages, extreme weather conditions and rising interest rates in an industry that relies on debt financing, Nash said.I think there's going to be a lot of shortages next year for sure."
"We're going to have a supply chain shortage, we're going to have an increase in our food [prices] at the grocery store," she added."I don't think it's going to go down anytime soon, and I think Americans are really going to be hurting in their wallet.Most U.S.
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