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Story summary
- U.S. farmers confront record-high diesel prices that inflate harvest and transport costs.
- Diesel hit $6.29 per gallon, up 68% from $3.74 a year earlier.
- Drew Peterson of South Dakota expects $1,500 daily diesel cost for a combine, double last year.
- Economist Michael Langemeier says fuel costs rose $11 per corn acre and $7 per soybean acre.
- Croke warns diesel-driven bankruptcies could hit independent trucking firms as California transport costs rise 40%-120%.