How War in Iran Will Squeeze America's Farmers Even Further
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Hello, and welcome to another episode of the OddLots podcast. I'm Tracy Allaway.
And I'm Joe Weisenthal.
Joe, there's a running joke on this podcast. There's a few of them. But one of the running jokes is farmers are always complaining about something.
They are. They are always complaining about something. But you know what? It's okay. We need to eat to live. Food is pretty important for sort of human civilization flourishing, etcetera. So if the worst is that they complain a little bit about how much, they're getting for their corn or whatever, I'm okay with that.
Well, to be fair, we also know that one of the defining news stories of Yes. The past few decades has been the hollowing out of America's small scale agricultural industry and farmers. So if you are an independent farmer, there is a lot to complain about, to be fair.
Totally. And, again, with the caveat that it's always tough, very recently, a couple weeks ago, we did the episode about surging fertilizer prices. In that conversation, you know, we talked about the fertilizer to corn chart, and it is not a good ratio. No. You know, there are many ways to represent an industry, but if you just wanted one, that's a very clean way. Fertilizer prices way up, obviously, given the situation in Iran. Corn prices not nearly anywhere close to their all time highs or anything like that. So just by at least one measure, that is a clear squeeze.
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