Farmers have had to adjust to rising prices and shipping disruptions from the Strait of Hormuz’ closure, on top of existing economic strains like tariffs.
A growing number of farmers can’t afford to plant their crops this year. It’s because of rising costs for diesel, fertilizer, and equipment parts — coupled with low crop prices.
Crude oil, fertilizer, and diesel prices are up. These increases due to the war in the Middle East are putting pressure on farmers, while the oil industry is poised to benefit.