Trade War, Fertilizer Tariffs, Strait of Hormuz: How Global Events Are Crushing Oklahoma Farm Margins

Oklahoma farmers are facing difficulties due to the trade war and Iranian instability, receiving government assistance to weather the crisis but with low profitability. Rising production costs and stagnant sales prices are pushing farms towards bankruptcy, negatively impacting the overall US economy. The situation is exacerbated by the fact that production costs continue to rise while sales prices remain at a 30-year low.