Farmer predicts foreclosures as Iran battle spikes fertilizer prices
The President and Founder of the National Black Farmers Association, John Boyd Jr., sounds the alarm over rising farm manufacturing prices because the battle with Iran continues to stifle the movement of fertilizer cargo by means of the Strait of Hormuz.
Vanessa Garcia Polanco from the National Young Farmers Coalition says elevated volatility in manufacturing prices has farmers involved they might have to lift costs for customers.
0:00 Farmer John Boyd Jr. says he can’t discover fertilizer to purchase for his farm as costs spike by 40%
2:56 Boyd Jr. criticizes the Trump administration for not doing extra to assist US farmers
4:28 Agriculture skilled on why the Strait of Hormuz closure is affecting home farmers
8:12 How a lot will client meals costs rise whereas farming prices spike?
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