It’s easy to ignore the United Nations and World Bank pontificators as Über-leftists and global climate change fanatics. However, of value to us ordinary peeps, is a recognition that U.N and WB outlooks permeate the World Economic Forum and Davos groups.
The multinational corporations and quasi-governmental entities in/around the World Economic Forum (WEF) are the people who call themselves “elites” and shape global policy. As a result, when the U.N. and Word Bank start talking about widespread global famine as a result of energy policy impacts to the farming industry, specifically natural gas costs and fertilizer resulting in lower crop yields, it is worth paying attention.
We have already discussed the U.S. impact from higher fertilizer costs HERE. As a nation we are blessed and fortunate to be living on land that is naturally healthy and fertile enough to grow food in abundance. However, if our crop yields drop our export ability diminishes. The world relies on the U.S. as a food basket. You might have recently heard about foreign countries buying up U.S. farmland? Well….
In this outline from the Wall Street Journal, they note those increased costs mean less crops in all continents especially the third world regions. That can be catastrophic for nations that already have food insecurity issues.
(Via Wall Street Journal) Christina Ribeiro do Valle, who comes from a long line of coffee growers in Brazil, is this year paying three times what she paid last year for the fertilizer she needs. Coupled with a recent drought that hit her crop hard, it means Ms. do Valle, 75, will produce a fraction of her Ribeiro do Valle brand of coffee, some of which is exported.
There is also a shortage of fertilizer. “This year, you pay, then put your name on a waiting list, and the supplier delivers it when he has it,” she said.
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