Iowa farmer blasts Biden inflation, warns monthly grocery bills will rise by $1,000

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A record increase in fuel prices is compounding commodity and raw material price increases that will lead to unprecedented grocery bills for American families, an Iowa farmer has warned on ‘Jesse Watters Primetime’.

Ben Riensche, owner of Blue Diamond Farming Company in Jesup, Iowa, said Friday the inflation seen at the supermarket is nowhere near as bad as it will get as the growing season continues in the heartland.

“If you think we’re seeing food price spikes right now, I think the food price increases are just beginning,” Riensche said. “And I don’t think your grocery bill will be $1,000 a month. I think it could go up $1,000 a month.”

Riensche dismissed claims by the Biden administration that inflation would be “transitional” and warned of possible “food shortages” as the collective crisis disrupts supply chains at all levels.

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Farm scene (Melina Mara/WaPo via Getty)
(Melina Mara/WaPo via Getty)

“My diesel price is up. It’s crushing my profits and my fertilizer prices for phosphorus, nitrogen and potassium – the three key nutrients I need to farm. My crops have tripled,” a- he said, adding that his last fertilizer bill alone was $1 million.

High commodity prices thus decrease the demand for agricultural inputs, Riensche added, saying that this results in crop sprawl during the planting phase, resulting in a lower harvest.

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Biden (Scott Olson/Getty)

Biden (Scott Olson/Getty)

The sectors concerned are “reluctant to restock” their materials, which affects the entire sector.

He blamed Biden’s energy policies and the White House’s decision to tariff on fertilizer imports, adding that the war in Ukraine has compounded the problem because that country produces a good chunk of the world’s fertilizer.

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“The Green New Deal [and] ESG-type ideas have made energy — especially natural gas — much more expensive,” he said, as other agricultural states like Pennsylvania enter the RGGI cap-and-trade pact. , driving up LNG rates.

Regarding Biden’s plan to boost new domestic fertilizer production, Riensche said such projects could take a decade to come to fruition.

Host Jesse Watters further criticized Biden’s recent claim to understand the plight of farmers because he aptly represented the “Blue Hen State” moniker – which the president noted has a chicken to chicken ratio. human population of about 200:1 – for 36 years in the Senate.

“But Old McBiden can’t farm,” the host joked.

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