Fertilizer prices bring more pain for American farmers amid war in Iran

The war in Iran is pushing up prices for already-strained farmers, with higher costs for fertilizer and energy on top of last year’s tariffs. And the increasing pressure on American agriculture could lead to even bigger price tags at the grocery store.

John Yeley, an Illinois farmer who grows corn and soybeans, said prices for nitrogen — a key fertilizer component — are going up so fast that he can’t even get suppliers to commit to a price ahead of purchases.

“When I call a retailer right now … I could not get a price on any nitrogen source out there,” he said.

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

War threats lift oil prices. Global energy body says Iran shock tops 1970s oil crises

London/Hong Kong  —  Oil prices rose Monday after the United States and Iran threatened fresh attacks on energy facilities...

Trump said he was glad Robert Mueller died. Fox News never mentioned his comment on TV

If you only watched Fox News over the weekend, you didn’t hear about President Donald Trump’s widely condemned reaction to Robert Mueller’s death....

Oil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely

Oil prices rose Sunday after Iran threatened to shut down the Strait of Hormuz indefinitely in response to President Donald Trump’s ultimatum on...