PUEBLO COUNTY — Eric Hanagan and his household have grown crops in La Junta for 100 years, however he says “to this point this 12 months has been in all probability probably the most difficult” he has ever seen in his lifetime.
In March, farmers confronted the best fertilizer prices up to now, in accordance with DTN. A standard fertilizer, DAP, reached $1,033.00 per ton, passing the report excessive value set in November 2008.
“I’d name to order fertilizer and it was tough to present any particular person farmer a quote trigger it could go up in value whilst you’re on the telephone,” stated Sam Rogge, who has labored within the crop dusting enterprise for greater than 20 years.
Rogge says many farmers had been sticker shocked by the costs they needed to pay for fertilizer.
“Evaluating them to final 12 months and former years, , our revenues are means, means down. We’re working 50% of our gross sales as a result of farmers are affected by the drought, they’re affected by the fertilizer and gas costs,” stated Hanagan.
Costs of fertilizer have slowly however certainly continued lowering in latest months, however the impression can nonetheless be seen on grocery retailer receipts.
In accordance with the Bureau of Labor Statistics, grocery costs jumped 13.5% since this time final 12 months. Eggs price almost 40% extra, milk prices about 17% extra, and the value of bread jumped about 16%.
“Customers will certainly need to bear the brunt of it as a result of if farmers cannot keep economically possible, then we gotta get our meals from someplace anyhow,” stated Hanagan.
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