Soaring diesel prices take their toll on US farmers in midwest corn belt
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The sharp rise in the price of diesel fuel is driving up costs for American farmers in the midst of harvesting corn and soybeans in the Midwest. It is estimated that the region should collect about 20 billion bushels of corn and soybeans, or 522 million tons, by the end of November. Rising fuel prices can add about $12.5 thousand to costs for every 1,000 acres of crops harvested. IN [...] The post Expensive Diesel Is Squeezing Farmers' Margins i…
Soaring diesel prices take their toll on US farmers in midwest corn belt
Joe Hamilton farms corn and soybeans on 2,500 acres in Indiana’s Delaware county. Next week, when his soybean harvest kicks off, four tractors, two combine harvesters and five semi-trucks will roar to life. And with that, a record bill for about 9,000 gallons of diesel awaits him. “During harvest,…
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