WICHITA, Kan. – The plunge in fuel prices has been a relief across the agricultural sector, easing the pain of low grain prices for growers and boosting profits for cattle ranchers.
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Livestock producers in the Midwest and vegetable growers in the Sun Belt alike are already reaping benefits.
Average diesel prices for 2015 are forecast to be about $1 lower than last year. That may prompt farmers this spring to plant more energy-intensive crops like corn or rice as the cost to irrigate and cultivate drops.
Consumers shouldn't expect to see lower prices at the supermarket, because transportation costs constitute only a small slice of those prices.