We know what’s coming and we are prepared.
🇺🇸🚜🛢 Biggest Diesel Shock Since 2022 Deals Another Blow to US Farmers
While US farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel.
Prices for the fuel that powers tractors, combines and grain trucks have surged as the war in Iran disrupted global oil flows, catching many producers who expected lower energy costs this year off guard. In Illinois, the top US soybean-producing state, farm diesel averaged a record $5.41 a gallon at the start of May, nearly double the price a year earlier.
Current costs, which have moderated some in recent weeks amid prospects for a US-Iran peace deal, still rival levels last seen in 2022 after Russia’s invasion of Ukraine, adding a fresh burden for farmers already facing weak crop prices and mounting financial pressure.
Marty Richardson, who grows corn and soybeans and raises cattle in Missouri, experienced the sticker shock when he recently ordered diesel after running through supplies he bought in January for spring planting.
“I usually get 8,000 gallons, and I got 4,000 for what I paid for the 8,000 gallons in January,” Richardson said. The fuel cost him about $4.74 a gallon. “That is the killer out here right now.”
The spike in diesel, combined with higher prices for fertilizer and crop-protection chemicals produced at facilities in the Middle East, is expected to further eat away at profit margins that were already running negative for the average corn farmer. Data from the US Department of Agriculture show that fuel, fertilizer and pesticides together typically account for about 15% of total production expenses for farmers annually.
Even if the US and Iran finalize a peace deal, it will take time for the war-related premiums on those input prices to dissipate, said Wesley Davis, chief agriculture economist at Meridian Ag Advisors.
🔗 https://finance.yahoo.com/sectors/energy/articles/biggest-diesel-shock-since-2022-110000336.html
The village of Piddington has voted for independence from the United Kingdom and to become a self governing village in a landslide vote.
91% Voting Leave
This comes after news that over 3,000 illegal migrants are to be dumped in their village.
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PN I know I disappeared for awhile. I’ve been writing a little but not much. I had a death in my family and it hit hard. I’m trying to get moving but having a hard time.
I want you to know my husband works for one of the largest trucking companies in the country driving heavy haul. He delivers feed to all the chickens out here in the pacific nw. Up and down Wa and Or. He will not be participating in the protest 10/1 due to the fact that he is company and this job was hard to find. He feels diesel is going up in a very bad way. That’s the word with the truckers. If things continue the way they are it may be $8-10 a gallon in ten days. They are trying to break us. His company subsides the diesel through the government so they don’t feel the effect except when seeing the pumps. He feels that they will be affected heavily by the end of the month, the company rigs that is. It’s going to get very nasty and with all this stuff in the middle east with both straits, as you already ...
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