Back to today’s briefing

Story perspectives

Farm Bankruptcies Surge 46% Amid Fertilizer Spike, Food Inflation Soars

4/28/2026

40 6 Full Breakdown

Summary

Story summary

US farm bankruptcies rose 46% in 2025, Midwest cases up 70%, after urea fertilizer prices doubled to about $900 per metric ton following the Iran war’s start in late February.
A survey by the American Farm Bureau Federation found that around 70% of farmers cannot afford needed fertilizer.
Food-beverage inflation reached 7.9% YoY in March as tomatoes jumped 102% YoY, vegetables rose 90%, and diesel climbed 88%.

1 of 1

Story summary

US farm bankruptcies rose 46% in 2025, Midwest cases up 70%, after urea fertilizer prices doubled to about $900 per metric ton following the Iran war’s start in late February.
A survey by the American Farm Bureau Federation found that around 70% of farmers cannot afford needed fertilizer.
Food-beverage inflation reached 7.9% YoY in March as tomatoes jumped 102% YoY, vegetables rose 90%, and diesel climbed 88%.