economy

The ripple effect of the Iran war on struggling U.S. farmers: "It couldn't have come at a worst time"

March 28, 2026 / 8:44 PM EDT / CBS News

The ripple effect of the Iran war on struggling U.S. farmers: "It couldn't have come at a worst time"

TL;DR

  • The Iran war has led to sharp increases in diesel and fertilizer prices.
  • Ammonia fertilizer prices are up 20%, urea up 50%, and diesel up 43.5% since the start of the war.
  • These cost increases are piling onto an already struggling agricultural industry, with farm bankruptcies increasing for two consecutive years.
  • Rising costs impact all aspects of food production, from seed to the final product, affecting grocery store prices.
  • Farmers are concerned about the long-term viability of their businesses and attracting the next generation to farming.