The impact of the credit crunch on farming?

Five months ago, when I round up this blog for a temporary pause, we were facing a situation of rising food prices. This was caused by a few factors, but largely by the rise in the cost of fuel. Of course, as we all know, this has changed somewhat now and the cost of fuel has come down to a much more reasonable price. But, what impact will the credit crunch have on farming and hence on our food? I found this video quite interesting, from Farmers Weekly Interactive:

Agriculture and the recession

What surprised me the most is that it seems that farming has historically done quite well in a recession, so we might expect to see more of the same this time round. However, of course, this time it is going to be much harder for farmers to get credit, which is likely to have some impact on their business. I have to admit that I really don't understand all the issues at stake here, but I will continue to look into it.