Diesel prices continue climbing, leaving farmers wondering how long this will continue. Crude oil prices have shown signs of easing, but diesel prices are not following suit, putting even more pressure on the farm economy. Faith Parum, an economist for the American Farm Bureau Federation, said crude oil and diesel prices don’t typically follow the same track.
Parum said the spike occurring during harvest for much of farm country has squeezed margins even further.
Parum said it’s hard to predict when or if the prices will begin to come down.
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