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Iran War Has US Farmers Worried About the Cost and Availability of Fertilizer
Todd Littleton faces a 40% fertilizer cost increase this season, adding about $100,000 to expenses due to supply disruptions linked to the Iran war.
- On Saturday, a Montana farmer reported facing a $100,000 m increase in fertilizer costs this season, a 40% spike from last year, driven by global supply disruptions.
- The Strait of Hormuz, a critical chokepoint for 2,000,000 of the world's oil and fertilizer components, is worsening supply shortages, industry reports say.
- Warning of threats to farm security, Zippy Duvall, American Farm Bureau Federation President, warned that limited access to inputs threatens farm security, while Harry Ott, South Carolina Farm Bureau leader, noted producers struggle with tightening margins.
- Elevated prices will likely persist, according to farm supply analyst Jacqui Fatka, as supply chains require significant time to recover and return to normal operations.
- While rising fertilizer costs strain producers, experts suggest that on-farm expenses represent only a small portion of consumer food expenditures, limiting grocery price hikes.
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32 Articles
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Coverage Details
Total News Sources32
Leaning Left2Leaning Right3Center25Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
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