Diesel Costs Increase for Harvest

By Faith Parum, Ph.D., AFBF Deputy Chief Economist & Cameron Castillo, AFBF Associate Economist

Key Takeaways: 

  • America’s farmers and ranchers rely heavily upon diesel to plant, grow and harvest their crops, and to get them to market.
  • Ongoing geopolitical conflicts have created supply chain bottlenecks, which have led to record-high diesel prices in recent weeks.
  • Most farmers and ranchers use off-highway diesel, also known as red-dye diesel or farm diesel. This type of diesel fuel is exempt from state and federal highway taxes.
  • Several states have recently taken steps to help farmers and ranchers suffering from the burden of high diesel prices by allowing for the temporary use of farm diesel on public roadways

Read more at: https://www.fb.org/intel/markets/diesel-costs-increase-for-harvest

Above information is sourced from the American Farm Bureau Federation.