Recent USDA data highlights a growing imbalance producers are feeling every day in the field.
By October 2025, the Prices Paid Index climbed to 154.6, while the Prices Received Index fell to 120.5. Put simply:
• It now costs producers ~50% more to grow crops than it did in 2011
• Yet commodity prices are only ~21% higher over that same period
That 34-point spread is the widest gap we’ve seen in at least a decade.
This isn’t about short-term market volatility, it reflects deeper structural pressures: rising input costs, tighter margins, and increasing capital risk for producers and landowners alike.
📉 How are you seeing this margin compression show up in your operation or portfolio?
💬 What questions should the ag industry be asking right now?