WARREN, Ohio — Low- to middle-income workers saw nominal wage gains following the COVID-19 pandemic, but inflation has largely offset that progress, according to a report released Thursday by the Federal Reserve Bank of Cleveland.
Plus, Intellectual property restrictions are limiting farmers’ ability to repair their own equipment, adding costs at a time when rising fertilizer prices and other pressures are straining the agricultural sector.
And rising fertilizer and fuel costs tied to global instability are straining local farms, forcing some to cut inputs or delay investments. Farmers say unpredictable markets continue to challenge an industry already shaped by uncertainty.
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