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Iran war has US farmers worried about the cost and availability of fertilizer
The war on Iran has caused a 25% rise in urea fertilizer prices and increased diesel costs, raising spring planting expenses for U.S. farmers, American Farm Bureau Federation reports.
- Shipping through the Strait of Hormuz has halted nitrogen fertilizer exports from the Persian Gulf, affecting global supplies, after the U.S. and Israel attacked Iran, according to reports.
- CoBank farm supply economist Jacqui Fatka warned that preexisting supply shocks — the Russia-Ukraine war and China's phosphate export cuts — increased fertilizer prices, with natural gas costs rising too.
- Urea prices climbed, and diesel used for farm equipment averages about $4.18 per gallon, roughly a dollar more than a month ago, according to AAA.
- A farm supply economist for CoBank warned U.S. farmers may not obtain fertilizer as stockpiles can help briefly but may run short.
- The U.S. Department of Agriculture noted it has provided $12 billion in one-time payments, with policy moves and delays limiting immediate relief for farmers.
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Farmer Todd Littleton of Tennessee plans to pay $100,000 more per fertilizer this season, a 40% increase over his bill last year due to the war in Iran, and is juggling to cover that additional cost.
·Los Angeles, United States
Read Full ArticleEast Tennessee farmers hit by soaring fertilizer costs due to war in Iran
RUTLEDGE, Tenn. (WATE) — As we continue to see a rise in gas prices, three weeks into the U.S.-Israeli conflict with Iran, farmers are also feeling the impact. In Grainger County, local tomato farmer Luke Stratton said the price for urea fertilizer, a commonly used nitrogen fertilizer often produced in the Middle East, is running nearly $300 more per ton compared to January prices. Something he said is only compounding the problem farmers [..…
·Nashville, United States
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Total News Sources75
Leaning Left18Leaning Right4Center42Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 28%
C 66%
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