The cost of seeds, fuel, fertilizers, machinery, and labor in the United States have skyrocketed, reducing profits for American farmers, while farm tractor manufacturers struggle to keep up with demand. Farmers were already suffering from soaring energy costs before Russia’s invasion of Ukraine further raised the price of fuel and fertilizer required for agriculture. Food producers are deciding whether to scale back the use of fertilizers, reduce crop yields, or push up food prices in order to stay financially afloat without hurting Americans at the supermarket. The big fertilizer shortages are creating a rift between the major food producers over the sanctions on Russia, which is one of the world’s largest exporters of crop nutrients. Countries like Brazil oppose the United States and its Western allies, arguing that Russian fertilizer supplies should not be touched by sanctions, in order to maintain domestic food production and exports. Many farmers are grappling with supply costs …
US Farmers Struggling With Inflation and Equipment Shortages Before Spring Planting Season
March 26, 2022
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