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.
The economic landscape in this country looks very different now than it did four weeks ago, when the U.S. and Israel began waging a new war in Iran that has spread throughout the region. And the economic impact has been nothing but negative.
The Organization for Economic Cooperation and Development said the war is a test of the resilience of the global economy, with higher energy prices and uncertainty weighing on economic growth the longer it goes on.
