Farmers interviewed by those outlets said they are cutting expenses, delaying equipment purchases, selling assets, and pursuing new income streams. Several said they voted for President Donald Trump and now feel let down by Washington.
The pressure arrives as the war with Iran nears its seven-month mark and as the Strait of Hormuz remains largely closed to commercial shipping, a disruption that has reduced global energy flows and reshaped input costs for producers thousands of miles from the front lines [3].
Industry analysts and agricultural economists described a compounding cost structure in which fuel, fertilizer, seed, chemicals, and repair parts have all risen simultaneously, leaving few options for producers who already trimmed budgets during several prior years of weak crop prices [5].
"We've cut everything we can cut," North Carolina farmer Matt Bell told CBS News, according to ZeroHedge's summary of the reporting [1].
A major reduction in oil exports from the Persian Gulf has contributed to the rise in diesel prices, according to AAA and multiple news reports [6]. The average U.S. diesel price climbed past $6 a gallon for the first time in September, then continued to set records as Ukrainian strikes on Russian refineries and disruptions around the Strait of Hormuz tightened refined-product supplies [7][8].
Diesel is the primary fuel for commercial trucking, agriculture, construction, rail and maritime freight, meaning the record price filters through the cost of nearly every good that moves by road or rail, according to the reports [9].
In North Carolina, Bell told CBS News he budgeted $35,000 for fuel in 2026 and exceeded that amount by August [1]. "Every piece of equipment on this farm runs on diesel," Bell said.
Bell added that price volatility has led his diesel distributors to offer quotations valid for only a matter of hours, and that he has put off replacing equipment, produced some of his own fertilizer and opened a pumpkin patch and hayride business to improve cash flow [1].
In Texas, cattle rancher Lynn Fleming told Sky News her August fuel outlay was almost double what she paid in recent years, according to the ZeroHedge account [1].
Farmers attributed higher costs for fertilizer, chemicals, seed and parts to tariff policies and broader inflation, according to CBS News reporting summarized by ZeroHedge [1]. "Everything we're touching, the fertilizer, fuel, chemicals, seed, parts -- you know, the whole nine yards, everything that we touch has gone up," Bell told CBS News [1].
Cattle ranchers said they were undercut by the administration's decision to eliminate tariffs on imported beef while fuel costs rose [1].
South Texas rancher Josh Eilers told Sky News he is absorbing high fuel prices and said he cannot keep absorbing more costs. "I'm already absorbing your high fuel prices that came out of nowhere," Eilers said. "It's like, c'mon guys, just help me out a little bit. I just can't keep absorbing more and more and more, or I simply won't be able to afford to do this anymore" [1]. Many farmers are also still struggling with drought, which drives feed costs up even more.
Trump says the war in Iran is necessary to prevent Iran from building a nuclear weapon, according to CNN [1]. U.S. intelligence assessments from 2007 to the eve of the war repeatedly found Iran was not building a nuclear weapon, CNN reported [1].
Farmers quoted by CNN, CBS News, and Sky News said they voted for Trump and expressed frustration. Robert Fleming told Sky News he had no warning about military maneuvers near the Strait of Hormuz. "We had no idea that he was going to pull the prank with the Strait of Hormuz. He didn't tell us... he was going to go do the military maneuvers and try to control the oil supply over there. We had no warning of what was going to happen" [1].
Bell told CBS News there is nothing left to cut and that farmers are fighting for survival.
Bell added that he wants Americans to be angry about the situation and blamed bad policy: "I do not want any American to feel sorry for the American farmer. I want the Americans to be mad that we have been put in this situation. We're fighting for survival and we're running out of options... I am very mad. I think there's been some very bad policy that's been made that has led things to get to where we are" [1].