Record-high inflation and high fuel and fertilizer prices have put the U.S. en route to a food shortage, National Black Farmers Association president John Boyd Jr. warned.
While the Biden administration sends aid to African countries, Ukraine and other nations, “we also have to take care of those at home,” Boyd told “Fox & Friends First” during the Wednesday episode of the show.
“We continue to help other parts of the world, but we haven’t taken care of American farmers,” Boyd said. “We have to do better at taking care of America’s farmers and taking care of those American people first.
“The Biden administration isn’t moving and acting swiftly enough to address the farm crisis,” he added.
“You have the high cost of fuel, the high cost of fertilizer and lime and all of these upfront costs for America’s farmers, and we haven’t done anything … to fix that.”
Boyd said he paid less than $400 per ton for fertilizer just a year ago. In 2022, Boyd is paying $1,100 per ton.
Black US farmers awaiting billions in promised debt relief
Farmer John Boyd Jr., poses for a portrait during a break from bailing hay at his farm in Boydton, Va., Thursday, May 27, 2021. Documents from a USDA internal review that Boyd provided to The Associated Press show inve… pic.twitter.com/phHtudGFgY— Biedex Markets (@biedexmarkets) September 1, 2021
According to an April report from Barron’s, the Russo-Ukrainian war nearly doubled prices for fertilizers. The price hike made its way to food prices as well, especially the price of corn.
“The combination of sanctions, shipping firms avoiding the Black Sea region … and traders shunning Russian supplies has created significant uncertainty for farmers regarding their ability to secure adequate fertilizer supply,” said Jeremy Thurm and John Kuhn of Aegon Asset Management, according to Barron’s.
Another challenge Boyd faces is the high price of diesel fuel, which he said costs him around $6 per gallon.
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