Farmers might have some tough decisions ahead as diesel prices inch back up. Right now, AAA shows the average price for a gallon of diesel is $4.18 nationwide. The Energy Information Association shows on-road diesel has gone up $0.22 per gallon in just a week.
Brokers at Allendale say it is largely due to cuts in production—sometimes averaging a million barrels a day— and they warn the uptrend could put the hurt on U.S. farmers.
They suggest exploring options to lock in prices now to help get through the fall harvest. However, these experts believe fuel demand for the year is currently at its peak.
As bad as this might seem, diesel prices were nearly a dollar more per gallon just a year ago, with a nationwide average of $5.15.
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The Walkes Family’s inspiring journey in agriculture showcases the incredible potential of sustainable agriculture, land transformation, and community collaboration. We learn their story in the new feature series, “Our Amazing Grasslands” by the South Dakota Grasslands Coalition.
We have some good news to share in the world of consumer food! Check out the article below for a couple of exciting headlines from this week.
Herds are showing growth in areas like the Northern Plains and some states in the Western U.S. where ranchers have seen more rainfall. However, for operations across the rest of the United States, that is not the case.
