Agriculture and her supply chain challenges in the world
Food Shortage Warning For Preppers - Harvest Data Indicates Trouble Ahead by youtube channel "ClearValue Tax" (The text below is mostly transcriptions taken from the YouTube video) In September of 2021 the price of fertilizer for corn was averaging 175 dollars per acre in September of 2022 it increased to 247 dollars per acre which is a 41% increase. for soybeans, it went from 85 an acre to 110. that's a 25 increase or up 29% Oil price Despite the recent drop, retail diesel price has still increased by 43% from a year ago On top of increasing input costs this year's growing season, it's been plagued by bad weather here and internationally from America to France to China. The consequences are showing up in the Harvest data and shrinking inventories. Corn inventory (the world's corn stocks) they're down to 12-year lows and it's expected to get worse by the end of the 2022-2023 crop year. Corn inventories will be down to 80 days' worth of consumpti...