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'Increasing our losses': War in Iran pinches Nebraska farmers as they prepare for spring planting
Fuel and fertilizer costs rise due to Iran war and Strait of Hormuz disruptions, while the Morrill Fire damages grazing land for 35,000 cattle, increasing farmers' expenses.
- As Nebraska farmers prepare for spring planting, fertilizer shipments are bottlenecked in the Strait of Hormuz and the Morrill Fire has burned nearly 650,000 acres, threatening grazing for about 35,000 cows.
- The conflict involving Iran has led to disruptions in the Strait of Hormuz, which officials describe as effectively closed, choking roughly 20% of the world’s oil supply and raising fuel prices.
- With spring planting imminent, Nebraska farmers say higher input costs could add tens of thousands of dollars, as they 'were already not penciling in a profit' for corn and soybeans, according to McHargue.
- Fields across Nebraska will soon spring to life, but planting will come with higher costs as fuel prices, impacted by Strait of Hormuz disruptions, rise and squeeze farmers' margins.
- Iran's actions since March 1 mean it has effectively closed the Strait of Hormuz, prolonging bottlenecks for fertilizer and fuel that strain agriculture.
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26 Articles
26 Articles
'Increasing our losses': War in Iran pinches Nebraska farmers as they prepare for spring planting
Nebraska farmers are heading into the planting season facing mounting financial pressure, as global conflict, rising input costs and recent natural disasters weigh heavily on the state’s agricultural economy.
·Sacramento, United States
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