Fuel Prices & Disruptions

Farmers and ranchers use fuel in producing crops and livestock so fuel is an important expense, but fuel prices also factor into the profitability of ethanol production and, in turn, corn producers. Livestock producers, because of their usage of distillers’ grains, can also be impacted by changes in fuel prices through ethanol production. Senior Economist Jay Rempe explains how COVID-19 impacts on energy prices have been a bit of a mixed bag for producers.