Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business Inflation and shortages are continuing to affect one of America’s most important workers—farmers

Inflation and shortages are continuing to affect one of America’s most important workers—farmers (Photo by Jens Büttner/picture alliance via Getty Images)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Nov 25, 2022

Farmers Face Diesel Shortage

Inflation and shortages are continuing to affect one of America’s most important workers—farmers

Key Details

  • Many farmers are suffering from a diesel shortage that affects nearly all aspects of their business.
  • High demand and low supply mixed with the war in Ukraine has resulted in a massive diesel shortage that is hurting farmers all over.
  • The farmers need the diesel to run equipment, but the supply is low and it costs the farmers more to harvest crops than they will make by selling them.

Why it’s news

Farmers are considered by most to be the backbone of America. They are the ones who harvest crops to keep food on people’s tables and help create the clothes that they wear.

Many farmers are facing issues, especially Oklahoma farmers who have been faced with a giant diesel shortage. 

Diesel is in high demand, but low supply causing many farmers to pay more for diesel to power the equipment then they will make by selling the crops. 

The U.S. Energy Information Agency reports that diesel prices are nearly 50% higher than the same time last year and diesel reserves are at the lowest level since 1951.

“Demand is returning back to where it was in 2019, and supply is literally producing a million barrels a day less than it was in 2019,” said U.S. Rep. Frank Lucas, former House Agriculture Committee chairman.

Lucas also states that the war in Ukraine has also affected the farming business. The issues with buying Russian oil and the fluctuating prices has helped fuel the diesel shortage.

Farmers are having to cut back on other items because many of them are produced at the same factories that provide diesel.

“We’ve had to cut back on some of our farm chemicals and fertilizers because we just can’t get them. There are so many shortages right now because a lot of these things are manufactured at plants that burn diesel.” says Oklahoma farmer, Tim Heinrich.

Many farmers have stated that they are barely hanging on as prices continue to surge for everything, but their income remains the same and many are having to rely on loans to try and make it through the tough times.

“Almost every farmer out here has a big old loan. The people in town might drive by and they see our equipment and our barns and they think, oh, he’s got it made. But we’re all one hiccup away from losing it. Every one of us is just one hiccup from losing it,” Heinrich said.

Home / News / Farmers Face Diesel Shortage
Share
FacebookTweetEmailLinkedIn

Related Stories

Dealing With the High Cost Of Eggs

by Hannah Bryan Leaders Staff
Business

Jan 27, 2023

High egg prices are driving consumers to search for potential egg replacements—including plant-based alternatives. 

Key Details

  • The price of eggs has nearly tripled since the pandemic, driven by inflationary prices and shortages caused by an avian flu outbreak. 
  • Eggs are traditionally a cheap, reliable source of protein. Their recent inaccessibility poses a problem for consumers. 
  • Consumers are turning to egg replacements and alternatives, including freeze-dried eggs and plant-based alternatives. 
  • Plant-based egg replacements are traditionally more expensive than eggs, but the price surge has changed that. 

Go deeper

FacebookTweetEmailLinkedIn

The Shows That Streamed the Most

by Savannah Young Leaders Staff
Entertainment

Jan 27, 2023

Stranger Things on Netflix is the most-watched streaming show of 2022, but Paramount+ has content that is catching up.

Key Details

  • Netflix’s Stranger Things was the most-streamed show in the U.S., with more than 52 billion minutes of viewing time over the year, according to the Hollywood Reporter.
  • That made the original series land the biggest number since The Office claimed 57.1 billion minutes of viewing during the lockdown in 2020.
  • Stranger Things had a 36% higher watch rate than the second most watched show, NCIS, only having 38.1 billion.
  • Paramount+ is moving up the ranks to compete with Netflix—Paramount+ is the second most shows with the most streams, according to The Wrap.

Go deeper

FacebookTweetEmailLinkedIn

Panasonic Doing What It Does Best

by Savannah Young Leaders Staff
Business

Jan 27, 2023

Battery maker Panasonic is optimistic that the U.S. could build another battery plant to advance toward higher electric vehicle (EV) production.

Key Details

  • In November, Panasonic broke ground on a new $4 billion factory in DeSoto, Kansas, that will create batteries for multiple customers.
  • The factory adds another 60% to Panasonic’s global battery capacity.
  • As EV growth continues, the need for battery production ramps up as well, and the president of Panasonic Energy North America, Allan Swan, is optimistic that the U.S. could build another EV battery factory.

Go deeper

FacebookTweetEmailLinkedIn
Despite economists’ recessionary outlooks, American Express CEO Stephen Squeri (left) doesn’t see a significant downturn coming soon
Business

Jan 27, 2023

Amex Chief Offers Different View Of Recession

by Savannah Young Leaders Staff
SBF family may testify
Cryptocurrency

Jan 27, 2023

The FTX Family Affair Collapse

by Hannah Bryan Leaders Staff
stock market
Markets

Jan 27, 2023

Comeback Rally Marches On

by Hannah Bryan Leaders Staff

Recent Articles

Wealth

Jan 27, 2023

How to Start Flipping Houses + 4 Mistakes That Could Bankrupt You

Learn how to start flipping houses to make a profit

Personal Growth

Jan 27, 2023

Top 10 Powerful Habits of Successful People for 2023

Try these habits for more life and career success

Business

Jan 26, 2023

How to Prepare for an Interview: 14 Tips to Get the Job

Ace your interview with these tips

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com