--- title: "US farmers face record costs as wheat harvest set to plunge" type: "News" locale: "en" url: "https://longbridge.com/en/news/286668259.md" description: "USDA forecasts the smallest wheat crop in over 50 years due to drought and high production costs, driven by war-related fuel and fertilizer price spikes. This situation is pushing farms toward bankruptcy and reducing profitability, potentially leading to shifts toward soybeans and other lower-cost crops, which could impact US food production and pricing." datetime: "2026-05-17T09:41:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286668259.md) - [en](https://longbridge.com/en/news/286668259.md) - [zh-HK](https://longbridge.com/zh-HK/news/286668259.md) --- # US farmers face record costs as wheat harvest set to plunge Historic wheat decline: USDA projects the smallest wheat crop in over 50 years due to drought and high production costs. Costs hit hard: War-driven fuel and fertilizer price spikes are pushing farms toward bankruptcy and reducing profitability. Market ripple effects: Shifts toward soybeans and other lower-cost crops could alter US food production and pricing. ### Related Stocks - [SOYB.US](https://longbridge.com/en/quote/SOYB.US.md) - [WEAT.US](https://longbridge.com/en/quote/WEAT.US.md) ## Related News & Research - [Australia's farmers, hit by Iran war costs and dry weather, grow less wheat](https://longbridge.com/en/news/286826826.md) - [US wheat harvest set to sink to its smallest since 1972 as Plains drought deepens](https://longbridge.com/en/news/286639545.md) - [GRAINS-Wheat futures soar as USDA pegs US harvest at 54-year low](https://longbridge.com/en/news/286139997.md) - [Wheat Extending Gains as the Crop Deteriorates](https://longbridge.com/en/news/286913123.md) - [EU wheat rallies as low US crop forecast adds to drought fears](https://longbridge.com/en/news/286139235.md)