Farmer predicts foreclosures as Iran war spikes fertilizer costs - CNN [View all]

The President and Founder of the National Black Farmers Association, John Boyd Jr., sounds the alarm over rising farm production costs as the conflict with Iran continues to stifle the flow of fertilizer cargo through the Strait of Hormuz.

Vanessa Garcia Polanco from the National Young Farmers Coalition says increased volatility in production costs has farmers concerned they may have to raise prices for consumers.

0:00 Farmer John Boyd Jr. says he can’t find fertilizer to buy for his farm as prices spike by 40%
2:56 Boyd Jr. criticizes the Trump administration for not doing more to help US farmers
4:28 Agriculture expert on why the Strait of Hormuz closure is affecting domestic farmers
8:12 How much will consumer food prices rise while farming costs spike?