Rising oil prices tied to the war in Iran are creating a mixed economic outlook for farmers

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Rising oil prices tied to the war in Iran are creating a mixed economic outlook for farmers.

Chad Hart with Iowa State University says higher oil prices often push up the value of crops like corn and soybeans, which are used in fuel alternatives such as ethanol and biodiesel.

That increase in crop prices can help offset some of the higher fuel and input costs farmers face.

However, Hart says it remains unclear how long oil prices will continue to rise and what the long-term impact will be on the agricultural economy.