Mar 30, 11
Read part 2 of 4
Fuel is a major expense for most Americans and especially for farmers and ranchers. They depend on fuel to run their tractors. Petroleum is the seedstock for synthetic fertilizers to grow healthy crops, and fuel powers the trucks that transport their goods from the field to the store.
“The biggest external factor right now is this enormous run up in petroleum prices. We have to continually re-price the agricultural complex, if nothing else, to make up for how much more it costs just to get this product shipped around from buyer to seller,” Sartwelle says. “Farmers’ input prices have gone up just as fast, if not faster, than the sale prices for their products.”