Peace Deal, No Relief for Farmers

A tentative peace deal with Iran and reopening of the Strait of Hormuz sparked hopes for lower fertilizer prices — but farmers like Ryan Poe in Washington are still paying 23% more, having already stocked up. The USDA says major price relief won’t come until 2027, adding to already high costs from flat crop prices, inflation, and trade wars. While some Midwestern farmers, like Kevin Deinert in South Dakota, are seeing stabilization thanks to Canadian supplies and renewed Chinese soybean demand, uncertainty remains. Dave Walton in Iowa cut back on fertilizer to stretch his budget, relying on federal aid while worrying about neighbors struggling. Even with the peace deal, many farmers are already in a precarious financial position, with USDA predicting record-high costs for 2025 — no easy fixes for those feeding the nation. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3f202f9f07fe103c