Rising inputs, like diesel, putting the squeeze on farmers
South Tennessee farmer David Nichols says the rising cost of inputs is really putting the squeeze on farmers this year.
He tells Brownfield higher fuel prices have been hard to digest. “In the last 10-days we’ve seen another leg up in the diesel fuel market,” he says. “And now we’re getting to run pretty hard and that’s an extra cost in that fuel is beginning to hit us pretty hard.”
Nichols says input price hikes have hit the ag sector especially hard. “The inflation that we’ve witnessed in all of our inputs is enormous,” he says. “If we’re not careful we’re going to get in a crunch and these runaway prices are really scary.”
The average cost of diesel fuel hit $5.62/gallon this week, this time a year ago it was around $3.19/gallon.