Paducah farmer Joshua Goodwin’s sons have taken an interest in farming after watching generations of men in their family. However, Goodwin said it’s been difficult for him to watch his kids enter a “cutthroat industry†that yields little profit.
“Everybody wants their kids to have it better than they did; I worry about the cost of living going up,†Goodwin said, “What’s going to stop it?â€
Paducah farmer Joshua Goodwin’s sons have taken an interest in farming after watching generations of men in their family. However, Goodwin said it’s been difficult for him to watch his kids enter a “cutthroat industry†that yields little profit.
“Everybody wants their kids to have it better than they did; I worry about the cost of living going up,†Goodwin said, “What’s going to stop it?â€
Recent reports show farm bankruptcies have hit a six-year high, according to data from Epiq AACER. Many farmers in the region say they have felt financial strain, blaming rising input costs.
Inputs such as fertilizer and fuel have risen sharply in price due to disruptions to global shipping routes in the Strait of Hormuz. With the routes being restricted or closed, vessels are forced to travel longer, resulting in higher rates. This has impacted agricultural inputs and placed financial pressure on crop profitability.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.