It looks like global food production could be well below expectations in 2019, and that could spell big trouble in the months ahead. In recent weeks, I have written extensively about the problems that we have been experiencing here in the United States. As many as a million calves were lost to the flooding that hit the state of Nebraska in March, farmers have planted less than half of the corn that is normally in the ground by this time of the year, and a lot of the crops that have been planted in the middle of the country are really struggling due to extremely wet soil. But it isn’t just the United States that is facing a very troubling year. Earlier today, one of my readers sent me an article entitled “Global food crisis ahead as extreme weather events devastate crops and fields around the world”which I would encourage everyone to read. In that article, we are told that after the worst drought in 116 years Australia has actually been forced to import wheat. And according to the Guardian, this is the first time in 12 years that this has happened.
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Nothing incites war more than a starving people whose rulers want to remain in power. Trump’s Chinese food policy may be more about a shortage here than about leveraging a trade deal.
David DeGerolamo
Hmmmm more stuff to consider
The sky is not falling.
Yes, there may be flooding in the midwest, but in reality only a small percentage of US farmland has been affected. Less corn = higher gas prices more than anything else.
Expect food prices to rise, but we’re not going to come close to starving. This will be used as an excuse to raise prices across the board.
As far as Australia importing wheat, they used to do this all the time, and had to a few years ago.
Food production would have to drop by a huge percentage to precipitate any kind of crisis