Farmers across the country warned they cannot survive for much longer as the Iran war worsens the fuel and fertilizer stocks. Industry experts said that alreadyFarmers across the country warned they cannot survive for much longer as the Iran war worsens the fuel and fertilizer stocks. Industry experts said that already

Trump's latest foray condemned for heaping even more pain on rural America

2026/03/20 21:45
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Farmers across the country warned they cannot survive for much longer as the Iran war worsens the fuel and fertilizer stocks.

Industry experts said that already tight profit margins are being eaten into as a result of Donald Trump's strikes on the Middle Eastern country, and there does not appear to be a reprieve in sight for the agricultural industry.

Lesly Weber McNitt, vice president of public policy for the National Corn Growers Association, warned that the closure of the Strait of Hormuz had massively affected supply and, as a result, farmers are struggling to make ends meet.

"When these fertilizers can’t be transported through the Strait of Hormuz, there are real implications for availability and price, and there is a global market impact," she said.

A total of 54 agriculture groups wrote to the president on the issues at hand, including "investments made last year in enhancing farm risk management tools and in securing much-needed tax relief for farmers." The letter, seen by Straight Arrow News, also noted issues over "record inflation, trade uncertainty, rapidly declining crop prices and catastrophic natural disasters."

Trump has already been blamed for devastation of America's farming industry. His tariff policies have significantly impacted agriculture as retaliatory tariffs from China and other nations have reduced demand for U.S. crops, particularly soybeans and corn.

Farmer Jason Sheehan, who lives in Washington state, says the Iran war is killing his business. Despite fueling up in December and January, and then again in June and July, Sheehan says the farm is already "burning through" oil and will deplete its resources faster than in previous years.

"You’ve really only got two ways to pass that cost on. You can only absorb so much more. You’re already the dead last net profitability in the country [in Washington state.] I mean, you can only eat into your equity so long."

Sheehan also notes the price of fertilizer is causing long-term concern for those in the industry, adding, "I don’t know what’s going to happen with next fall’s fertilizer. Everybody’s suddenly aware of what’s going on with fertilizer and fuel, but I think they also need to be aware that there’s been a lot building up to this in agriculture."

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$3.348
$3.348$3.348
+0.45%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Top 3 Altcoins for the Next Bull Run Ethereum, Solana and Mutuum Finance

Top 3 Altcoins for the Next Bull Run Ethereum, Solana and Mutuum Finance

Ethereum and Solana already sit near the top of most serious altcoin watchlists, and Mutuum Finance is starting to enter that same conversation from a very different
Share
Techbullion2026/03/20 23:07
Trump: We want to negotiate with Iran, but we have no negotiating partner.

Trump: We want to negotiate with Iran, but we have no negotiating partner.

PANews reported on March 20 that US President Trump stated: "We want to negotiate with Iran, but we have no one to negotiate with. Nobody wants to be Iran's leader
Share
PANews2026/03/20 23:04