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[BUSINESS] · United Kingdom, United States · 7 sources

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Rising diesel prices strain agricultural sectors in UK and US

Rising diesel prices are creating significant financial strain for agricultural operations in both the United Kingdom and the United States.

In Scotland, agricultural contractors report that soaring red diesel costs are putting immense pressure on cash flow. Some contractors have described the situation as ‘untenable’, noting that prices have more than doubled compared to the previous year. Because farmers are increasingly unable to keep their own tanks topped up, contractors are often forced to supply the fuel, frequently waiting up to 60 days to recover these substantial costs.

In the United States, farmers in Ohio and other regions express growing concern that record-high diesel prices could threaten the financial viability of their operations. With national average prices reaching significant highs, producers are struggling to secure harvest needs. Jed Bower, president of the National Corn Growers Association, noted that high fuel costs during peak usage periods are making it difficult for many to achieve even a breakeven point, following several years of financial losses in the sector.

Entities

National Corn Growers Association