NYTIMES (Kevin Draper) - How Farmers Are Staying Afloat as Crop Prices Plunge
Most U.S. farmers will lose money this year. Landowners and investors are increasingly trying to make money from their land, not what can be grown from it.
Most U.S. farmers will lose money this year. Landowners and investors are increasingly trying to make money from their land, not what can be grown from it.
Fertilizer prices have gone down with the reopening of the Strait of Hormuz and the prospect of a U.S.-Iran peace deal. But struggling American farmers won't likely see any relief for months.
President Trump sought to appeal to farmers at a roundtable in Wisconsin on Friday amid skyrocketing fertilizer and energy prices as a result of the U.S. war in Iran. “We’re going to come out, and your fertilizer prices are going to go way down, just like they were four months ago,” Trump told farmers in Chippewa Falls, Wisconsin, on Friday.
President Trump sought to appeal to farmers at a roundtable in Wisconsin on Friday amid skyrocketing fertilizer and energy prices as a result of the U.S. war in Iran. “We’re going to come out, and your fertilizer prices are going to go way down, just like they were four months ago,” Trump told farmers in Chippewa Falls, Wis., on Friday. #trump #wisconsin #farm #agriculture
Besides higher fertilizer and fuel prices, the president also talked at length about D.C.’s fountains and his border policies.
'The skyrocketing cost of fuel and fertilizer is creating more economic hardships'
In the Mississippi Delta, a crucial agricultural region, farmers say their patience is wearing thin. Reeling from the effects of tariffs, they must now also navigate rising fertilizer and fuel costs.
With Iran blockading the waterway, fertilizer prices have risen dramatically since the start of the conflict.
President Trump on Friday afternoon will host hundreds of farmers, ranchers and executives at the White House to outline his administration's agriculture agenda. During the event, he is expected to announce actions to assist U.S. farmers and food suppliers, including new guidance on farm equipment regulations and ways to cut costs within the industry, as energy and fertilizer prices rise amid the ongoing military operation in Iran. Trump will be joined by Agriculture Secretary Brooke Rollins, Health and Human Services Secretary Robert F. Kennedy Jr., Environmental Protection Agency Administrator Lee Zeldin and Small Business Administration head Kelly Loeffler.
“I wish this administration would get their act together,” the farmer said.