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Farm Diesel Up 72%, Fertilizer $558/ton Amid Drought

5/21/2026

50 3 Full Breakdown

Summary

Story summary

Farm diesel prices have risen 72% since the Strait of Hormuz closure in February.
More than 60% of the United States is in drought, up from 43% at the start of 2026.
USDA Secretary Brooke Rollins said the farm economy is struggling with price spikes, that about 80% of farmers locked in supplies before the war, and that fertilizer prices rose to $558 per ton in April.

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Story summary

Farm diesel prices have risen 72% since the Strait of Hormuz closure in February.
More than 60% of the United States is in drought, up from 43% at the start of 2026.
USDA Secretary Brooke Rollins said the farm economy is struggling with price spikes, that about 80% of farmers locked in supplies before the war, and that fertilizer prices rose to $558 per ton in April.