John Nalivka shares an opinion piece that speaks to the pinched wallets consumers are experiencing.
The overall costs costs of livestock production, have increased 28 percent from 2019 to 2023. The cost of energy posted a 35 percent increase over the same years while the cost of labor rose 24 percent from 2019 to 2023. Land values have also risen significantly, making expansion a costly decision from every perspective.
Source: Drover’s, September 13, 2024. Link.