More warnings of crop shortages and price increases due to increased cost of fertilizers and inputs.
Analyst Comment: Most of the warnings center around corn. Corn is a huge crop in the US and is used to make all manner of products including the production of Ethanol fuel additives. Expect higher food and fuel prices as a result of farmers shifting production away from fertilizer-hungry corn to cheaper alternatives like soybeans. The corn harvest doesn’t occur until Fall, so don’t expect to see any major impact until late 2022, early 2023. We’ve got a lot of warning on this one!
Farming insider warns of food shortages