No wonder Biden's Boyz don't want to discuss food prices in their inflation claims
/This TownHall article is about US food prices.Third World farmers and consumers of — you know, food — are going to be slammed even harder. But scratch a green, and he’ll tell you that the world has too many people anyway.
Fertilizer Shortages Indicate an Even Bigger Crisis is Looming
As inflation wholesale prices soar past 10 percent and gas prices continue to surge, economists and farmers across the country are warning about another looming crisis.
Farmers are seeing a fertilizer shortage. Combined with high water and fuel prices, costs are set to soar as food becomes less available.
From Market Watch:
Fertilizer prices were already running red hot this year before a European energy crisis fanned the flames, potentially adding to a pinch on farmers in the U.S. and around the world and stoking worries about food inflation.
“It’s almost like a perfect storm of different reasons that probably has a lot of upside in price for different macronutrients,” said Samuel Taylor, Cleveland-based executive director of research at Rabobank, in a phone interview.
Natural gas is a key ingredient in the process used to make nitrogen-based fertilizers used on a range of crops, including corn and wheat. Natural gas accounts for 75% to 90% of operating costs in the production of nitrogen, Taylor noted.