Bismarck, N.D. Farmers across the United States reported rising fertilizer and fuel costs this week nationwide as the war in Iran disrupted shipments through the Strait of Hormuz, producers and extension agents said. Several farmers reported fertilizer bills up as much as 40 percent and millions of acres rely on nitrogen-based products. Analysts warned that higher input costs and fuel price spikes have raised planting expenses, squeezed farm margins and could translate to higher grocery prices before summer. Officials and university extension agents provided usage data and price comparisons to illustrate impacts. Based on 6 articles reviewed and supporting research.
Prepared by Christopher Adams and reviewed by editorial team.
The Iran conflict is hitting your wallet. Rising fertilizer and fuel costs mean farmers' expenses go up. This could lead to higher grocery prices by summer. Keep an eye on your food budget.
Farmers are feeling the pinch now, but we all might feel it soon. If you're planning a big summer BBQ, start saving. And maybe send this to a friend who loves their grill-outs.
Large fertilizer manufacturers, major agribusiness firms, and energy suppliers may see short-term revenue gains from higher input prices and increased demand for substitute supply chains.
Small and mid-size farmers, rural communities, and consumers face higher input costs, tighter margins, and the risk of increased grocery prices this planting season.
No left-leaning sources found for this story.
Iran conflict pushes fertilizer and fuel costs higher
My Northwest AP NEWS http://www.wtol.com KIMT-TV 3 Mason City https://www.live5news.com wbir.comNo right-leaning sources found for this story.
Comments