U.S. farmers and ranchers in North Carolina, Texas, and across the Corn Belt are reporting what they describe as “survival mode” operations as diesel, fertilizer, and equipment costs climb during the ongoing U.S.-Iran conflict, according to CNN, CBS News, Sky News, and a report from ZeroHedge [1]. The nationwide average price for a gallon of diesel reached $6.49 this week, up 75% from a year earlier, according to AAA data cited in reports [2].
Farmers interviewed by those outlets said they are cutting expenses, delaying equipment purchases, selling assets, and pursuing new income streams. Several said they voted for President Donald Trump and now feel let down by Washington.
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