A perfect storm is hammering US farmers. Pre-war consolidation and tariffs were already squeezing profits, but the war on Iran has now exploded costs. With the Strait of Hormuz closed, fertilizer and diesel prices have skyrocketed just as spring planting begins.
This crisis threatens to wipe out more farms, shrink food supplies, and send grocery prices soaring nationwide, with economists warning the worst is yet to come.
https://www.nbcnews.com/business/economy/trump-iran-war-farm-crisis-rcna266283
