McKinsey & Company
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
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
Increased price of inputs
Volatile prices for my commodity products
Decreased yields due to water scarcity
Extreme weather or climate events
Increased overhead and processing costs
Supply chain disruptions
Change in 2024
vs 2022
Change in 2024
vs 2022
Not asked in 2022
Change in 2024
vs 2022
Change in 2024
vs 2022
Not asked in 2024
–15 p.p.2
+1 p.p.2
+6 p.p.2
–9 p.p.2
No. 1 risk chosen most often among top 3 for Brazil, Europe,3 and Mexico
2024
2022
2024
2022
2024
2022
2024
2022
2024
2022
2024
2022
63%
48%
35%
41%
N/A
30%
33%
24%
20%
21%
24%
N/A