WASHINGTON, D.C. (RFD-TV) — Rising diesel prices are putting more pressure on farm budgets, with new estimates showing farmers could face billions in additional fuel costs this season.
An analysis by Democrats on the Joint Economic Committee projects farmers will spend an additional $2.4 billion on diesel, a 68% increase across five major crops, including corn and soybeans.
The study also estimates that filling a typical 750-gallon fuel tank now costs nearly $2,000 more than last year.
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