August 13, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Wheat prices are high, but that doesn’t mean farmers are getting rich

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The price of a bushel of wheat has nearly doubled since Russia invaded Ukraine. That’s because the two countries make up almost a third of the global wheat trade.

While the top dollar being offered on the open market might make the wheat crop just poking up from the ground on thousands of acres on Colorado’s Eastern Plains seem like a pot of potential gold, there’s virtually no effect on the fortunes of Colorado wheat farmers. 

Some experts are warning of potential food shortages as a result of the war in Ukraine, but most Colorado growers aren’t in a position to step up production. They’ll be lucky to harvest as much as they did last…

Margaret Fleming

2022-04-10 04:02:00

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