The director of Minnesota AgriGrowth sees inflation harming the ag economy in several ways.

Tamara Nelsen tells Brownfield her board of directors recently met to discuss rising input costs.

“Even about the equipment (and) some of the prices in terms of combines, planters, and things that are already very expensive assets to purchase, certainly valuable.”

She says inflation is also creating additional hurdles for new and beginning farmers.

“A lot of the new farmer grant programs (and) low-income loans are wildly out of proportion with the actual cost of what those either machines, processing equipment, or tractors and things are.”

Nelsen says farmers are dealing with inflation by trying to balance higher costs with strong commodity prices. 

The Minnesota AgriGrowth Council is a nonprofit member association for the agricultural and food systems in Minnesota and will host it’s annual Ag and Food Summit November 10th in Minneapolis.

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