Stable diesel prices offer relief to Ag community

Diesel fuel

The last several years have put a hurting on a producer’s bottom line. Just a year ago, diesel prices were over $5.00 a gallon. Now, they’re hovering around $4.20 a gallon.

That’s still a lot of money, but as Cameron Mulrony with the Idaho Cattlemen’s Association notes, the stability is a welcomed sign.

“It seemed to stabilize a little bit, you know we’re not seeing that drastic incline, or increase every month, every week. Our fuel prices have dropped a little bit and kind of stabilized we’re not seeing as big a fluctuation which is good. Don’t get me wrong, I think we’d all like to see $2 diesel again. A drastic change in that direction wouldn’t hurt anybody’s feelings,” Mulrony said.

Fertilizer prices the last several weeks have been cheaper month-over-month but still remain much higher than this time last year. Just about everything on a farmer’s operation costs more these days.

“You know between 2021-2022 we saw a drastic increase in a lot of places of our operations or input costs, so stabilization at least allows us to form a budget and make a plan and hopefully they’ll stay kind of stable within the area that we’re at. And if we see anything hopefully it’s a little decrease in those input costs in order to keep our operations whole,” Mulrony said.

While diesel prices have been stable in recent months, they are still the highest they’ve been since mid-2008.

Related Stories
A recent study by the Environmental Defense Fund in Kansas is urging farmers to diversify crop portfolios to mitigate risks and ensure long-term sustainability.
As farmers gear up for the spring planting season, it’s crucial to remember that financial planning goes hand in hand with early season crop protection.

However, economists say land values could falter if commodity prices fall in the New Year.
With the New Year comes new ideas, and lawmakers are still trying to find ways to fund the Farm Bill.
The United Soybean Board representatives say export and trade development is critical for increasing international demand.
It is National Farm Safety and Health Week—a time dedicated to recognizing the critical importance of safety on the farm. The National Education Center for Ag Safety (NECAS) usually hosts this week-long event during mid-September so farmers are reminded to prioritize their safety during the harvest season.
Analysts with the Propane Education & Research Council say the outlook for propane prices is positive for the fall harvest season.
The quality of U.S. beef cattle has come a long way in the last two decades, but an expert with the Oklahoma State University Extension says there is still room for improvement.
The free online courses are an effort to boost the organic workforce.
The help is in addition to millions of dollars spent to help distressed borrowers last August.
Katherine Tai will be in India this weekend to discuss the country’s controversial ban on white rice exports.
Extension leaders say the market for goats is very enticing right now. Current market prices even put goats ahead of cattle in terms of their return on investment.
The trade move would affect imports from China, Germany, and Canada.
USDA meteorologists warn high temps and dry conditions are cause for concern over the next few days.