Diesel Prices Hit Record Highs at a Bad Time for Farmers

US farmers are facing record diesel prices above $6 a gallon, adding to their already high costs for fertilizer, seeds, and equipment. The price of diesel has risen about 60% since late February due to the US-Iran war, which has disrupted fuel flows. This increase is coming at a critical time for farmers, who are starting to harvest corn and soybeans. Some farmers are considering delaying nonessential work in hopes that fuel prices will ease. Economists are warning that cash-strapped farms will have to make difficult spending decisions. The national average price of diesel hit a record high of $6.05 a gallon on September 11, according to AAA. This price increase is not only affecting farmers but also the entire supply chain, as the cost of moving goods from the field to the market is increasing. Farmers are already facing higher costs for inputs such as fertilizer and seeds, and the increase in diesel prices is adding to their financial strain.