Is America on the cusp of a farm crisis?
The Iran war is driving up costs on farms already under pressure, raising the question of whether America is on the cusp of another farm crisis.
Fourth-generation Iowa farmer Mark Mueller is no stranger to the ups and downs of the agriculture industry. But right now, he thinks America is on the cusp of a farm crisis.
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“I am more concerned now than I have been in my 30 years of farming,” Mueller told NBC News.
Even before the Iran war, Mueller said, many farmers felt they were being squeezed. Consolidation in the fertilizer industry and increased competition from abroad have resulted in higher prices for fertilizer and feed — and smaller returns on Mueller’s corn and soybean crops.
https://www.nbcnews.com/business/economy/trump-iran-war-farm-crisis-rcna266283
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