Strong winds whipped around Doug Bartek, a fifth-generation farmer, as he headed into a grain bin to shovel soybeans onto a conveyor chute. The 60-year-old was anxious at the onset of the spring planting season, rattling off the long list of issues affecting his family's livelihood at their 2,000-acre farm near Wahoo, Nebraska.
The high cost of fuel, equipment, and fertilizer — compounded by the Iran war — and also tariffs, perceived "price gouging" by suppliers, and low soybean prices driven by a global supply glut. All of it weighs on Bartek, who is chairman of the Nebraska Soybean Association.
"Our biggest struggles are our inputs, be it fertilizer, seed, chemical, parts," Bartek said. "There has been so much drastic markup in all of these. And I just kind of feel like the farmer's kind of painted in the corner."
Bartek's concerns are shared by many Midwest soybean producers. Costs, such as equipment, have crept up over time while soybean prices have stayed low. Tariffs levied by the Trump administration last year and the resulting monthslong trade war with China only made things worse, they say. Then the Iran war bottled up shipping through the Strait of Hormuz, restricting global fertilizer supplies and sending fertilizer prices sky high. A ceasefire deal announced April 7 raised hope that bottlenecks in the strait would abate, but the future of the agreement was uncertain.
"A lot of producers are pretty nervous going into this year," said Justin Sherlock, a soybean farmer and president of the North Dakota Soybean Growers Association. "It looks like we're going to have another year of negative returns."
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