In an interview with the Red River Farm Network, CHS President and CEO Jay Debertin describes the current farm financial situation as ‘very serious.’ World trade has been disrupted, and this change in trade flows has long-term consequences.”These kinds of conditions do create long-lasting global conditions because market players around the world are good business people. They look at these market signals more and more and frankly, they’ll respond with an increase in production. The numbers show Brazil production increasing with more acres being brought into production and the world looking at them more than ever.” In addition to low commodity prices, the expense side of the ledger is not good for farmers. “The cost of inputs is certainly too high for the value that’s being received on the sale of commodities; there’s no doubt about it; the numbers don’t work.” As a co-op, Debertin said CHS will manage through this downturn in the farm economy. In addition to controlling costs and seeking additional markets, CHS is seeking policy solutions from Washington. Listen to the full interview.
