05/14/2026
What's happening across ag industries? 👇
👉 Crop inputs - Oil price volatility continues with Iranian conflict. Transportation costs rise on higher energy costs. Fertilizer costs continue to rise.
👉 Almonds and pistachios – Weather impacts both almond and pistachio crops.
👉 Apples – Apple prices strengthen.
👉 Cattle – Tighter supplies, slower slaughter.
👉 Dairy – Dairy herd growth moderates.
👉 Forest products – Lumber prices gain slightly as industry enters peak construction season.
👉 Hay – Western drought deepens, pressures 2026 hay outlook.
👉 Lemons and oranges – Challenging weather conditions impact lemons and oranges.
👉 Potatoes – Acreage pullback, prices under pressure.
👉 Wheat – Low prices drive historic drop in U.S. wheat acres, while Western wheat remains an anchor.
👉 Wine and wine grapes – Wine market pressures persist amid oversupply and soft demand.
Rising fuel costs and geopolitical tensions weigh on farmer sentiment .⛽🌾
Farmer sentiment declined in April as rising input costs and global instability continue to pressure producers’ outlook. Volatility in energy and fertilizer markets, driven in part by geopolitical tensions, is adding to uncertainty, with many expecting a negative impact on net farm income in the year ahead. 🌍
At the farm level, financial conditions remain strained. Few producers report being better off than a year ago, and many expect performance to worsen over the next 12 months.
As a result, caution is showing up in decision-making, with less willingness to invest in large expenditures and a growing focus on reducing debt and managing tighter margins 💭
🌾 These insights are part of AgWest’s latest Monthly Market Update, informed by market data and boots‑on‑the‑ground perspective from our lending, appraisal and crop insurance teams across the West.