Farmers growing increasingly desperate amid rising energy and fertilizer prices
Source: msn/Axios
9h
Farmers across the Midwest are entering planting season under mounting financial pressure, as the Iran conflict drives up diesel and fertilizer prices deepening an agricultural downturn that some say is the worst since the crisis of the 1980s.
Why it matters: Rising fuel and fertilizer costs threaten to push more family farms out of business, drive up food prices and further strain rural economies already battered by trade disruptions, inflation and extreme weather.
The big picture: Mark Mueller a northeast Iowa farmer and president of the Iowa Corn Growers Association tells Axios that the current landscape is more challenging than at any time since the 1980s farm crisis, when interest rates soared and exports plunged, triggering agricultural bank failures.
The stresses are showing, with rising bankruptcies and lenders becoming more reluctant to provide farmers with operational loans. "There's going to be fewer farmers next year than there is this year," Mueller says.
Read more: https://www.msn.com/en-us/money/economy/farmers-growing-increasingly-desperate-amid-rising-energy-and-fertilizer-prices/ar-AA23l4yN
Irish_Dem
(82,267 posts)Turkeys voting for Thanksgiving dinner.
Joinfortmill
(21,658 posts)Irish_Dem
(82,267 posts)ananda
(35,483 posts)Strange wonders these days.
RockRaven
(19,738 posts)Hey, wait a minute...!!!
popsdenver
(2,604 posts)as they were losing their multi generational family farms in his first Term when he screwed over the Soy Bean farmers royal.
The bankrupt family farms all crashed & burned, CORPORATE Farms came in and got there farms and equipment for next to nothing, and the rest of the farms didn't look any further than end of their noses......First they came for the Soy Bean farmers, and since I wasn't a soybean farmer, I looked away, and didn't care.....
durablend
(9,363 posts)paleotn
(22,684 posts)What's that old saying? Fool me once, shame on you. Fool me twice, shame on me? I think that's it.
RockRaven
(19,738 posts)on various news channels blubbering and crying about how the tariffs and resultant blowback were killing them and how China had completely zeroed out their orders, not a single dollar of soybeans bought from the US the entire prior quarter (Q2)... And I thought that sounded familiar. And I was right, it did. Because that. was. exactly. what. happened. in. 2018.
You know, right before most of those farmers voted for this guy. Twice more.
Jesus Christ.
dem4decades
(14,367 posts)Trump did that
Bluestocking
(785 posts)I can get all my meat, fruit and vegetables from South American countries. The farmers voted for this, not me.
Bluestocking
(785 posts)Here is a hint: it was not the Democratic Party.
BumRushDaShow
(172,130 posts)!!!!!!
Maru Kitteh
(31,992 posts)Those who voted for this travesty will probably never receive any appreciable measure of sympathy from me, sorry to say. They made choices, for all of us.
angrychair
(12,496 posts)On farmers by passing a bill to allow 15% ethanol in gas all year around.
This will be a significant turn of events as the pressure increases on corn farmers to grow more fuel grade corn (called field corn)
(I think it's important to mention here that corn for ethanol, field corn, is very different than sweet corn and the vast majority of corn grown is already fuel/feed grade because it's more profitable)
popsdenver
(2,604 posts)farm equipment uses gasoline........more likely Diesel.......The farm equipment diesel is dyed red, because they don't have to pay any state or federal tax on it, so it is cheaper than you would pay for your diesel street vehicles......
Miguelito Loveless
(5,907 posts)But even without the tax, their prices are going up double digits.
popsdenver
(2,604 posts)TWO HUNDRED DOLLARS to fill up my Diesel Pickup a few days ago. I am sure it will go much much higher before Trump's temper tantrum stops. Even still, the pipe lines still won't start flowing for another 30 days, so the laws of supply and demand will be in force until then...........
sakabatou
(46,320 posts)Stargazer99
(3,553 posts)and that is the way of no competition business and big business has control of you
Miguelito Loveless
(5,907 posts)Most voted for him 3 times. If given a chance most will vote for him a 4th time. Validation of their hatred is more important than bankruptcy. They know who he is. They know he betrayed them repeatedly. They are genetically incapable of admitting error since it would invalidate their reality.
I talk to these people daily. There is no hope for them.
durablend
(9,363 posts)That should help.
live love laugh
(16,473 posts)JI7
(93,876 posts)Icanthinkformyself
(422 posts)Because most farmers voted for it and now they complain and want us to bail their asses out. Next time, Mr. Farmer, vote for people who actually want to help and not strip you of everything to give it to the already rich. Any of them who voted for the Convicted Felon, and that's most of those assh*les, deserves bankruptcy. Go broke and fold the farm. Your Republican congresscritter will help sell it to the billionaires for a data center. Idiots.
JT45242
(4,123 posts)Plus 10 for trump..even with Dubuque.
Face eating leopard...yum yum
UpInArms
(55,331 posts)in rural northwest Missouri about 50% of the fields have not been planted