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FARMERS TIGHTEN THEIR BELTS

Now in the fourth straight year of dipping farm income, U.S. farmers are slashing input costs to compete with Latin American farmers – and stay afloat. According to Reuters, farmers cut $40.2 billion to bring total costs down to $350.49 billion between 2014 and 2016. But cutting seed and fertilizer is putting farmers in a tough spot. “You find yourself in a Catch-22,” said Illinois farmer Jeff Fisher. “You just hope the yield won’t be hit too bad next year.”

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