Farmers in America’s Corn Belt Face Worst Crisis in 40 Years, Citing Soaring Input Costs Linked to Iran Conflict Introduction Farmers across America’s Corn Belt report that they are facing their most severe economic pressure in four decades, according to an Aug. 25 report from the Financial Times (FT). The crisis is driven by a surge in diesel and fertilizer costs, which the report attributes to geopolitical tensions stemming from the Trump administration’s Iran policy. Grain producers are described as being pushed to the brink by these input cost explosions, with many facing potential default on loans and acreage reduction.…
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