Record Diesel Prices Threaten Farm Margins as Harvest Begins

Skyrocketing diesel costs are threatening to squeeze farm profits, just as U.S. crop growers were starting to catch a break. The average price of U.S. diesel reached a new all-time high of $5.94 a gallon on Wednesday, up four cents from the prior record set Monday over the travel-heavy Labor Day weekend, according to automobile club AAA. Prices are up 61% from a year ago.

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