US farmers face fertilizer price crisis as Iran war disrupts global supply– www.independent.co.uk

“The problem is, is we’re so strained financially coming into this issue,” explained Littleton, a third-generation farmer from Gibson County in the state’s northwest.

“We have had a couple of record losses over the last couple of years, so everyone’s kind of grabbing at straws anyway, and then to have input prices increase yet again, it just really couldn’t happen at a worse time.”

Littleton, who cultivates corn, soybeans, and wheat, is one of thousands of farmers nationwide who will pay significantly more this spring for the essential nutrients their crops require.

Nitrogen-based fertilizer is particularly crucial for corn, typically the largest crop in the U.S., which feeds the nation’s livestock and is converted into fuel for most U.S. vehicles.

While farmers have long voiced concerns over fertilizer costs, prices have surged dramatically since the U.S. and Israel attacked Iran on 28 February.

This action has caused a significant slowdown in shipping through the Strait of Hormuz, a critical choke point for 20 per cent of the world’s oil and natural gas.