Recession hits the farmland too - WALB.com, Albany News, Weather, Sports

Recession hits the farmland too

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By Delivrine Registre - bio | email

January 31, 2008

ALBANY, GA (WALB) - The recession isn't just hurting the financial and business sectors. It's also hurting our farmlands. Economists say farmers will be making some tough decisions this year because of the current trading prices for crops.

They say even though input costs are going to be down this year because of lower fertilizer and fuel costs, farmers can still expect to have less money in their pockets.

"Most of the crop prices, the ones we produce mostly in our area: corn, cotton and peanuts, are all below the prices we saw in 2008. So we would certainly anticipate the net farming to go down from what we saw from last year," said Mark Masters with Flint River Water Planning and Policy Center.

Economists anticipate more corn to be planted this year because though the trading price is lower; it still remains pretty stable.

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