US farmers warn Biden’s economy spells ‘destruction’ ahead of 2024 Iowa caucuses

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...