Transcripts for CNN The Lead With Jake Tapper 20211124 21:29

CNN The Lead With Jake Tapper November 24, 2021 21:29:00

university -- >> we're in the middle of a perfect storm of unique events in ag ag production. i would say buckle up for a while longer of these higher input costs. >> reporter: some farms are stocking up on materials in suppliers run out. others are waiting hoping prices will cost. all these costs especially labor are threatening matt's california sweet potato farm. >> we were making $100,000 to $150,000 a year in profit. this year we'll probably lose $80,000 to $120,000. >> reporter: and it is only getting worse. >> we could potentially lose a quarter of a million dollars next year. we would not have enough cash to take into the following year in order to get our operating loan in order to operate for the following year. >> reporter: farmers are used to volatility and both are now looking for ways to adapt like downsizing or shifting to other crops. >> i'm worried but i won't let it get me down.

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