Soaring diesel and fertilizer costs are hitting US farmers during peak planting season, locking in higher food prices and putting long‑term pressure on America's food supply.
Breakdown
- Fertilizer prices surged rapidly due to Middle East conflict 22s
- Closure of Strait of Hormuz increased fuel and fertilizer costs 1m 1s
- Farmers face prolonged higher input prices and uncertainty 1m 14s
- Spring fuel costs are estimated to be 30% higher than before war 3m 22s
- Government relief is discussed, but farmers seek stability 5m 15s