American Farm Bureau Federation President Zippy Duvall commented today on potential fuel and fertilizer supply issues following military action in Iran.
"We are hearing a groundswell of concern from farmers facing increased volatility in fertilizer and fuel prices, as well as some reports of companies freezing fertilizer sales, at a critical time with planting season coming into full swing. History teaches us that energy market shocks quickly reach the farm gate and countries in and around the Persian Gulf account for a large share of fertilizer supplies our farmers rely on, so it’s a serious issue. We’ve alerted White House and congressional staff as we further investigate the situation, but price gouging should not be tolerated and it’s important for safe passage to be provided for these critical supplies.”
Click here to see more...