Farmers view the price of inputs and extreme weather events as top risks to profits for the next two years.
% of respondents ranking each factor in top 31
Increased price of inputs
Extreme weather or climate events
2024
2024
2022
2022
+6 p.p.2
–15 p.p.2
Change in 2024
vs 2022
Change in 2024
vs 2022
35%
63%
41%
48%
No. 1 risk chosen most often among top 3 for Brazil, Europe,3 and Mexico
Volatile prices for my commodity products
Increased overhead and processing costs
2024
2024
2022
2022
30%
–9 p.p.2
Not asked in 2022
N/A
Change in 2024
vs 2022
33%
24%
Decreased yields due to water scarcity
Supply chain disruptions
2024
2024
21%
2022
2022
N/A
+1 p.p.2
24%
Not asked in 2024
20%
Change in 2024
vs 2022
1Question: What do you believe are the top 3 risks to your profits over the next 2 years? (2022, n = 4,474; 2024, n = 4,382).
2Percentage points.
3France, Germany, and Netherlands.
Source: McKinsey Global Farmer Insights 2024
McKinsey & Company