Click here to view original web page at www.zerohedge.com
Snarled supply chains, adverse weather conditions in top growing areas, and conflict in Ukraine have wreaked havoc on the world’s agricultural system. The latest sign of an emerging food crisis is comments from a top US fertilizer company that warns it could take two to three years for farmers to resupply the world’s grain stockpiles. ” Global grains stocks remain extremely low , an issue that has become amplified because of Russia’s invasion of Ukraine .
“We think it will take at least 2-3 years to replenish global grains stocks ,” Illinois-based CF Industries Holdings Inc.’s president and chief executive officer Tony Will said in a statement in Wednesday’s earnings report. Over the years, Ukraine has earned the nickname “breadbasket of Europe” for its rich dark soil, vast wheat fields, and other farm goods. The Russian invasion has cut off the world from cheap and abundant farm goods.
Both Ukraine and Russia account for more than a quarter of the global wheat trade , about a fifth of corn, and 12% of all calories traded globally. The invasion of Ukraine and the resulting Western sanctions have curtailed exports of grains from the region to the rest of the world. Also, there’s a risk that at least 33% of farmland in Ukraine may go unplanted this spring because of the ongoing conflict. This will undoubtedly impact harvest yields later this year.
CF pointed out that low global grains stocks-to-use ratios have driven up corn, wheat, and other grains futures prices to the highest in decades as investors evaluate extreme tightness in markets. The fertilizer company also said, ” global nitrogen inventory remains extremely tight … global supply continues to be limited by curtailments in Europe and Asia due to high energy costs, ongoing restrictions on exports of certain nitrogen products from […]
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our Giving Fuel. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
- NOQ Report
- Conservative Playlist
- Uncanceled News
- Based Underground
- Five other conservative news sites
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.