Idaho ranchers face financial challenges due to 75% increase in costs.

Small business owners are facing financial difficulties due to high inflation with no relief in sight.

The Starks, first-generation Idaho cattle ranchers, have faced challenges in maintaining their business while meeting consumer needs and dealing with rising prices and cost-cutting measures.

"Over the past year and a half, our livestock costs have increased by 75% across the board, including feed prices and fuel. This has resulted in a significant increase in expenses for us. To continue operating and achieve our business plan, we face a major challenge," Megan stated on "America Reports" on Thursday.

Prices remained painfully high for millions of Americans as inflation accelerated for the third straight month in March, likely delaying any interest rate cuts by the Federal Reserve.

The agriculture industry has been facing financial challenges for the Starks since they started their business in 2020.

Trevor continues to work at his parents' construction company in addition to his main job.

"I've always worked for my parents' construction company, and with fuel prices and other expenses increasing, I'll continue to work in construction. However, our goal is to set our kids up for a future in agriculture."

The Starks' cattle ranch, like other businesses, must adjust due to high prices affecting their profitability.

We're striving to reduce expenses without compromising our quality of service and product. To achieve this, we're cutting costs wherever possible and making adjustments as necessary to maintain our current cost levels. However, our efforts are in vain as costs continue to rise. As we adapt, we face a constant battle to keep up with the increasing expenses.

The Starks are being open and transparent with customers about their cost-cutting efforts and price adjustments.

We maintain an open and transparent business with our clients and customers, ensuring that they feel the same emotions as we do and consider themselves part of our family. As such, their opinions hold great importance to us.

Megan and Trevor conducted a survey to gather customer opinions on the best way to manage the financial impact of inflation.

The survey provided valuable feedback and "insane" support to the ranchers as they navigate maintaining their business.

FOX Business' Megan Henney contributed to this report.