Zincwarrior
Diamond Member
This is problematic. 70% of farmers surveyed say fertilizer is too expensive and left them unable to purchase the amounts they need.
Majority of America’s farmers say they can’t afford fertilizer in new survey
A new survey revealed that a majority of U.S. farmworkers say they cannot afford fertilizer due to rising costs caused by the U.S.-Israeli conflict in Iran.The survey released by the American Farm Bureau Federation (AFBF) on Tuesday shows that 70 percent say fertilizer is too expensive and has left them unable to purchase the fertilizer they need. The AFBF also found that 94 percent of respondents say their financial situation has worsened or remained the same, compared to 6 percent who say their financial situations improved.
“Spring planting decisions depend heavily on access to fertilizer and diesel fuel, both of which have been impacted by geopolitical risks that have disrupted global markets,” the AFBF’s economic analysis team, Market Intel, stated.
Nitrogen fertilizer prices have gone up more than 30 percent since the start of the conflict on Feb. 28, according to Market Intel. Combined fuel and fertilizer costs have also risen between 20 and 40 percent, with urea prices jumping 47 percent since late February.
The AFBF cited the closure of the Strait of Hormuz as the key factor affecting the crop production systems and fertilizer needs. Over one-third of globally traded fertilizer passes through the strait, but the conflict disrupted shipments intended for farmers just ahead of planting in the spring, The Washington Times previously reported.