CNN: Farmers like Yeley as well as agriculture experts agree that the farming sector is in a painful recession. Farms are dealing with record-high diesel prices, a fuel that is critical to their equipment. Trade disputes have cut off access to vital markets. Wars in Ukraine and the Middle East have sent fertilizer costs soaring, just as farmers pay higher interest rates on the loans needed to get from planting to harvest season.
Yeley is not sure he’ll earn a profit this season, even with prices up for for his corn and soybeans…