Briermere, Iowa — Richardson Farms, the Iowa farm bureau, reported that the U.S. agriculture industry is suffering a severe economic downturn with a $3.6 trillion price tag.
“The industry is experiencing significant uncertainty and the loss of confidence among farmers and ranchers in the future of agriculture,” Briermeyer Farms said in a statement.
“As such, there is a heightened need for an effective strategy to address the situation.”
In August, the U,S.
Bureau of Land Management said the farm industry was in a severe state of economic uncertainty and called for an aggressive response to the growing problem of climate change.
The BLS noted that the average annual temperature for farmlands in the contiguous United States has decreased by more than 0.5 degrees Fahrenheit since 1880, and the drought that has gripped much of the Midwest is the result of the continued accumulation of carbon dioxide emissions.
The agency also said that more than 1.6 million acres of corn and soybeans have been damaged by the drought, and that drought-related crop damage in the U