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Iran War’s Price Shock on Fuel and Fertilizer Is Coming for US Farmers

Iranian conflict has driven up nitrogen fertilizer prices by about 30%, threatening shortages and increasing costs for U.S. and Canadian farmers ahead of planting season.

  • Shipping through the Strait of Hormuz slowed, raising fertilizer and diesel prices, as Iran-related hostilities disrupted routes, affecting U.S. and Canadian farmers, on March 20, 2026.
  • Attacks have forced freighters to reroute around the Strait of Hormuz, making passage hazardous and leaving at least 2 million tons of nitrogen locked offshore.
  • Rising diesel and fertilizer costs are hitting spring operations as nitrogen fertilizer jumped to $683 a tonne from $516 and tractors use about 10,000 gallons, adding $20,000 for small farms.
  • Some farmers say they will change what they plant this spring as fertilizer shortages risk rising, and farming organizations urged the president for relief, including another $1 billion and bridge payments.
  • Industry leaders warn that the conflict could worsen food-security risks, citing 15,000 fewer farms since 2024 and a 46 percent rise in bankruptcies in 2025, with concern over diesel costs at '$1.20' per gallon.
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Ontario FarmerOntario Farmer
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'So much uncertainty': Iran war wreaking havoc in Southwestern Ontario farm belt

Southwestern Ontario, home to one of Canada’s richest farm belts, is a world away from the war in Iran, but it’s hitting farmers here hard.

·London, Canada
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Lean Right

The Association of Manufacturers of the Serpa Region argues that "current international instability is causing sudden and gallopatic increase in production factors".

·Portugal
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Brownfield Ag News broke the news in on Thursday, March 19, 2026.
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