Soaring energy prices are hammering Oregon’s farmers and ranchers, and the war in Ukraine is likely to only make that worse, experts say.
The turmoil comes at a bad time, too.
The state’s $5 billion agricultural industry has endured two tough years during the pandemic along with a continuing drought, and though commodity prices are up, the finances of farmers and ranchers are under pressure, said Lauren Smith, director of government affairs for the Oregon Farm Bureau.
“There’s inflation on everything they buy – all of their inputs,” Smith said. “Their supply costs are outpacing the price of agricultural goods.”
That’s smacked their bottom line.
“It’s just chipping away at our margins,” Smith said. “There’s no more wiggle room there.”
Oregon . . .