As the war in Ukraine continues, and the world sees dramatic inflation rates, farmers across Colorado have seen the price of fertilizer and wheat grow compared to years past.
Since Russia invaded Ukraine the price for a bushel of wheat has doubled, now selling at record highs.
“Wheat is in almost everything we eat here,” said Stephen Smith, a wheat farmer in Wiggins. “Since the war started, prices have almost doubled.” Russia is one of the largest net exporters of gasoline and natural gas in the world. Farmers, like Smith, often use liquid fertilizers made of a concoction of chemicals and fuels.
According to the National Association of Wheat Growers, every time you buy a loaf of bread only 17 cents goes back to the farmer. Chandler Goule, CEO of the lobbying group, said the uncertainty for the farmers is just now sprouting. With only 17 cents per loaf of bread making it back to farmers, Goule said the middlemen in the process are the ones most absorbing the increased prices for goods.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gas prices remain high, but falling oil prices halts daily surge in pump pricesAAA reports the national average fell a penny since Friday and held at that price throughout the weekend.
Weiterlesen »
Dip in oil prices cause Ga. and Ala. gas prices to dropSomething that has been on everyone’s mind as of late is gas prices and soon you may see some relief at the pumps.
Weiterlesen »
Why We Are Seeing Record High Gas Prices, Not Record High Oil PricesGas prices have reached peaks never seen before, but that’s not the case for oil. The record high gas price was reached in the U.S. with a national average of $4.43 per gallon. The average price of a gallon of gas in San Diego County is $5.76. Gas prices have many factors with the primary factor being the cost of…
Weiterlesen »
As Oil Prices Drop, Bay Area Residents Hope Gas Prices Will FollowThe price of a barrel of oil dropped 20% Monday to below $100 a barrel, and experts say gas prices will follow. But don’t hold your breath.
Weiterlesen »
Cryptocurrency prices mixed; Bitcoin trading at $39,000Cryptocurrency was mixed early Monday morning as bitcoin and dogecoin were lower, but ethereum was higher.
Weiterlesen »
Dave Ramsey on high gas prices and 6 ways to save moneyAs the national average for gas prices hit $4.325 per gallon on Friday, Dave Ramsey shared six smart tips for how to offset those high costs right now.
Weiterlesen »