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ft_home apr 23, 2026

US farmers reel from spiralling prices due to Iran war

US farmers face rising costs from Iran war and Trump trade war.

impact+0.70 sentiment-0.60 n=3
us farmers are getting squeezed from two directions. the iran conflict has pushed fertiliser costs sharply higher, adding to the damage already done by trump's trade war. the agricultural sector was already struggling before this latest shock. fertiliser prices are the immediate problem — they've been spiralling as the conflict disrupts supply chains. this comes on top of the existing pressure from tariffs and retaliatory measures that have cut into export markets for american crops. farmers are now facing higher input costs while their revenue outlook remains uncertain.
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