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Rise In Fuel Costs Hits Farmers, Suppliers

Posted: Tuesday, February 22nd, 2011 at 6:27 am
Author: KNIA/KRLS News-Shaylon Cochran

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Fuel prices have risen considerably over the past week, affecting area farmers and farm suppliers among other businesses. Scott Bensink, Petroleum Manager at Two Rivers Co-op says turmoil in the Middle East is one of the biggest reasons for the spike. He says the price increase for farmers means higher input costs which can have a negative impact on their bottom line, depending on how much emphasis they put on using petroleum-based fertilizers. Bensink says that current petroleum inventory levels in the US are good, but that doesn’t mean prices can’t change rapidly.