Across the globe, geopolitical events are hitting U.S. farmers where it hurts: fuel.
Tension between Israel and Iran has the oil markets spooked. Energy analysts were predicting a slow summer for fuel prices, but those estimates are gone.
The national average for a gallon of diesel has gone up $0.04 over the last week, holding around $3.48, but increases are not likely to stop there. GasBuddy’s Patrick DeHaan says diesel could climb $0.15-$0.25 per gallon in the coming days.
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GasBuddy’s Patrick De Haan discusses diesel prices, energy markets and the outlook following the reopening of the Strait of Hormuz.
Nebraska Farm Bureau’s Jordan Dux joins us to discuss Farm Bill priorities, E15 policy, livestock industry concerns, and efforts to ensure agricultural voices are represented in federal policymaking.
Industry leaders say ethanol continues to support farm income and rural investment.
Chelsea Gazillo with American Farmland Trust joins us to discuss challenges facing California farmers, efforts to support producer profitability, and resources available through the organization’s policy advocacy programs.
