- Diesel prices have climbed 67 percent for the sector.
- Fertiliser prices have seen steep jumps at times.
- Costs are outpacing farmers' incomes, raising doubts about their support for the Republican Party.
Farmers in the Midwest United States are facing surging diesel and fertiliser costs that are outpacing their incomes. Diesel prices have climbed 67 percent, while fertiliser prices have seen steep jumps at times.
The squeeze comes as trade through the Strait of Hormuz is disrupted by the US war with Iran. Trade wars with China and Canada have also crashed crop prices and disrupted potash supply.
The pressure is raising doubts about farmers’ continued support for the Republican Party ahead of the midterm elections.
