Farmers worldwide are feeling the pinch as fuel costs rise to near four-year highs, eroding agricultural income already hamstrung by depressed crop prices.

Farmers worldwide struggle with rising fuel costs

It’s leading some farmers to change their management practices or lock in prices months in advance

The agricultural sector, from Canada and the United States, to Russia, Brazil and Europe, is seeing profits harmed by the rise in diesel prices. The global oil benchmark, Brent crude, touched US$80 a barrel for the first time since late 2014 in mid-May. In the U.S., fuel accounts for about five per cent of farmers’ […] Read more