Biden’s answer to grocery shortages and price inflation… And not to mention saving Social Security, too.
Or maybe not… Can the World Feed Itself? Historic Fertilizer Crunch Threatens Food Security
(Bloomberg)–For the first time ever, farmers the world over — all at the same time — are testing the limits of how little chemical fertilizer they can apply without devastating their yields come harvest time. Early predictions are bleak.
In Brazil, the world’s biggest soybean producer, a 20% cut in potash use could bring a 14% drop in yields, according to industry consultancy MB Agro. In Costa Rica, a coffee cooperative representing 1,200 small producers sees output falling as much as 15% next year if the farmers miss even one-third of normal application. In West Africa, falling fertilizer use will shrink this year’s rice and corn harvest by a third, according to the International Fertilizer Development Center, a food security non-profit group.
And all was becoming a little too 1984 for your ‘taste’, then you may want to begin worrying about 2022.