Record Diesel Prices Squeeze Harvest Operations in Western New York
What happened
Fall harvest season is underway across Western New York. Record-high diesel prices are reportedly squeezing operations in the region, including Livingston County. The national average for diesel reached $6.53 on Tuesday, up from $3.69 per gallon one year ago. The price hikes are linked to the ongoing Russian war on Ukraine and the U.S. war on Iran, which have reportedly halted oil flow to the global market.
From 13wham.com
Why it matters
For agricultural operations in the area, the high costs are significant. One farm owner stated that the operation cannot simply stop due to the harvest schedule. The cost of inputs, including diesel, is reportedly rising sharply, with some farms using between $15,000 and $20,000 worth of diesel per week during the harvest.
From 13wham.com
Who's involved
- New YorkState where the agricultural activity is taking place.
- Livingston CountyCounty in New York where the affected farms are located.
- DieselThe commodity whose price is at record highs and drives operational costs.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New YorkSpeculative
The agricultural sector in New York may face increased operational costs due to fuel prices.
Keep exploring
The entities involved
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New York
state of the United States of America
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Livingston County
county in New York, United States
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Diesel
Italian retail clothing company, located in Breganze, Italy