
With the Republican Iowa caucuses just one week away, Hawkeye State farmers are revealing how the 2024 presidential election will serve as a pivotal moment for the economy and agricultural industry.
"I'm afraid if we keep heading down this path, we've got a lot of destruction ahead," fifth-generation farmer Rick DeGroote told FOX Business’ Grady Trimble.
U.S. Department of Agriculture data estimates that production costs for farmers increased by about $15 billion in 2023. Additionally, American corn producers reportedly worry the Biden administration’s electric vehicle push will drastically reduce demand for corn-based ethanol, which is used to power gas engines.