Looming food shortages is the next ‘slow-moving disaster’ to hit world
shortages of food and fertilizer brought about by the Russian invasion of Ukraine and the sanctions enacted by the West in response.
farmland without fertilizer is vastly less productive. Without fertilizer, corn and wheat yields in the United States would decline by more than 40%. But as prices promise to go much higher, farmers will either have to skimp on fertilizer or raise prices of their own products a lot.
Then, too, there are skyrocketing prices for gasoline and diesel, which are essential for today’s mechanized farming and for getting food to consumers. Add these increases in cost and decreases in production to the shortages likely to come from the Ukraine invasion, and we’re looking at really dramatic increases in food prices. In the West this will mean discomfort. Elsewhere it will mean starvation.
The island nation of Sri Lanka* offers a stark warning. A green experiment in abandoning artificial fertilizer there — encouraged by the Rockefeller Foundation — was a “brutal and swift” economic and humanitarian disaster, Foreign Policy reports.
*See Economic Crisis in Sri Lanka:https://discussion.fool.com/economic-crisis-in-sri-lanka-3513918…
So invest in farm commodes? Or farm comedy ETF? Or farmland REIT?