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Story summary
- U.S. farmers face record diesel prices that threaten farm profitability.
- National diesel hit $5.85/gal on Sept. 4 and $6.05/gal on Sept. 11; Illinois diesel reached $6.82/gal.
- Farm bankruptcies rose 20% in the 12 months ending June, according to federal data.
- Sen. Charles Grassley urged a diesel-export ban, but energy experts doubt it would lower prices.
- John Deere’s ten-year right-to-repair settlement will let farmers fix equipment, easing downtime costs.
