Senators Say Energy Inflation Crushing Farm Margins, Call for More Domestic Production

Farm State U.S. senators say energy inflation compounded by the war in Ukraine is crushing farm profits, and the White House needs to reverse its energy policies, now. Nebraska Senator Deb Fisher; “The cost of fertilizer is up 200 percent, gas prices are at an all-time high, and they have been rising for months.”

South Dakota’s John Thune; “It takes so much more to put a crop into the ground these days. You’ve got higher diesel fuel costs, higher fertilizer costs, you have higher equipment costs. But a big part of it is energy.”

And top Senate Ag Republican John Boozman on input inflation from February last year to last month. Boozman; “Natural gas, up 48 percent, diesel fuel, up 54 percent, and then fertilizer up 171 percent.”

Nebraska’s Fisher says farmers are making planting decisions now but face big uncertainty over costs and markets. North Dakota’s John Hoeven; “I’m talking to farmers and ranchers, and they’re worried that they aren’t going to be able to get anhydrous and other fertilizer and other inputs. So, yes, they are very concerned about that.”

The GOP lawmakers argue it’s time for the White House to reverse policy and turn to more homegrown domestic energy like biofuels. South Dakota’s John Thune; “Biofuels, biodiesel, higher blends of ethanol like E15 are readily available to displace Russian oil.”

But Thune complains the White House “doesn’t seem interested,” instead focusing on electric vehicles. He argues, “they need to get interested and get interested in a hurry.”

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