High input costs may delay farm investments despite Trump administration’s focus
High input costs may delay farm investments despite Trump administration’s focus
Ben Peterson, a third-generation rancher in Fergus County, Montana, had plans to upgrade his farm equipment and livestock facilities to improve efficiency and bolster animal health. But both have been put on hold over concerns around mounting input costs and ongoing market volatility.
The building Peterson is using to house sheep is decades old, but tariffs on products like steel and lumber, coupled with mounting costs for other farm inputs, have left Peterson in a precarious position.
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