Iowa Farmers Face Crushing Costs in Planting Season
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Iowa farmers, like Lance Lillibridge, face a challenging spring planting season due to the Iran wars impact on diesel and fertilizer costs. Prices have surged, with diesel up 43.5%, ammonia fertilizer by 20%, and urea by 50%. This strain hits supply chains hard, increasing costs for farmers by 25% and leading to a 46% rise in bankruptcies. The ripple effect touches every stage of food production, threatening to raise prices for consumers. As tensions persist, the future of farming hangs in the balance.
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