NEW REPORT: Half of Midwest Farmers Unable to Afford Fertilizer Due to the Iran War
A New Survey from the American Farm Bureau Shows Midwest Farmers Are Struggling to Deal with Skyrocketing Fertilizer Costs from the Iran War
Mark Nelson, Republican Woodbury County Supervisor Who Voted for Trump: “The Amount of Money and Resources That Have Gone into This War is Ridiculous”
DES MOINES – A new report from the American Farm Bureau has found Midwest farmers are under intense financial pressure from rising fertilizer prices because of the Iran war supported by Ashley Hinson, Randy Feenstra, Mariannette Miller-Meeks, and Zach Nunn.
“Over the last year Hinson, Feenstra, Miller-Meeks, and Nunn have betrayed failed farmers by keeping in place costly tariffs, failing to pass legislation to allow for year-round E15 sales, and allowing Argentinian beef imports into our country to quadruple,” said Iowa Democratic Party Chair Rita Hart. “Now, the war in Iran is causing a crisis as farmers struggle to afford fertilizer. The vast majority of farmers fed up with high costs and negative profits aren’t going to let Iowa’s DC politicians off the hook this November.”
Read the full report HERE:
- 1/3 of Midwest farmers did not pre-book their fertilizer for this year’s planting season, meaning they are paying significantly more for fertilizer because of the Iran war.
- Small farms are bearing the brunt of the Iran war price shocks, with only 49% of small Midwest farms – 1-499 acres – pre-booking their fertilizer
- 48% of Midwest farmers report being unable to afford all the required fertilizer they will need this season.
- 94% of American farmers report their financial situation has worsened or remained the same since last year.
- Nitrogen fertilizer prices have risen more than 30% and combined fertilizer and fuel costs have increased 20%-40%.
- Urea fertilizer prices have increased 47% since the end of February, which is the largest month-to-month percentage increase in history.
###