Agri-Pulse DriveTime Podcast

Evidence from farm country points to ongoing financial challenges and the threat of farm losses this year. The war with Iran is pushing fuel and fertilizer prices higher and adding to economic headwinds for farmers nationwide. 

North Dakota Senator John Hoeven says additional funding for the war with Iran could prove a vehicle to send more financial support for farmers and victims of wildfires. Food prices ticked up in the month of February and a new study suggests Food Is Medicine could provide a financial support for small and medium sized farms. 

The Senate Agriculture Committee held a hearing today focused on strengthening domestic markets for products grown in the U.S.  National Farmers Union President Rob Larew says the farm economic crisis will claim another generation of farmers if Washington doesn't act soon. 

The war with Iran and stalled shipping through the Straight of Hormuz is limiting supplies of both crude oil and fertilizer to the rest of the world. Crude prices spiked to near $120 dollars a barrel today. The American Farm Bureau today called on Washington and fertilizer suppliers to help farmers through the economic challenges they are facing. 

Domestic and global crude oil prices both settled over $90 per barrel today. A lack of shipments from the region has storage at capacity and production grinding to a halt. In Washington, legislation to allow E15 blended gasoline year-round is nearing completion. EPA Administrator Lee Zeldin will keynote this year's Agri-Pulse Ag and Food Policy Summit. 

Agriculture groups shared support for a new farm bill approved by the House Ag Committee realizing much work lies ahead to seeing final language approved by Congress and signed by the President. Iowa farmer Stu Swanson says row crop farmers are facing many challenges.