Iran Conflict Sends Fertilizer and Fuel Costs Skyward, Straining U.S. Farmers
TL;DR
CBS News reports that the Iran war is driving up fertilizer and fuel costs, with ammonia up about 20%, urea about 50%, and diesel roughly 43.5%, adding to the burden on U.S. farmers who already saw a 46% rise in farm bankruptcies last year. Growers like Lance Lillibridge say costs are up around 25% from last year, threatening spring planting and potentially higher grocery prices as production costs climb from seed to sale.
Topics:worldbusiness#business#diesel-prices#farm-bankruptcies#farming-costs#fertilizer-prices#iran-war
- The ripple effect of the Iran war on struggling U.S. farmers: "It couldn't have come at a worst time" CBS News
- Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists The New York Times
- Fertilizer Maker Yara Warns Farmers Are Being Squeezed by Price Surge Amid War WSJ
- Mideast conflict's latest consequence: Michigan farming The Detroit News
- ‘Could not come at a worse time’: U.S. farmers hit hard by economic fallout of Iran war MS NOW
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