Fertilizer prices are at historical highs.
Some of the charts that are being shared around social media are scary.
Fertilizer prices 1993-present
The spike in the middle is the 2008 financial crisis
>it’s so over pic.twitter.com/MW0Csb1mXj
— Alexei Arora (@AlexeiArora) March 26, 2022
We are on the brink of global famine due to energy shortages and yet progressive politicians are threatening to tax energy producers and refusing to remove barriers to production
This graph of skyrocketing fertilizer prices is the scariest chart in the world right now pic.twitter.com/eR8RQ62mrZ
— Michael Shellenberger (@ShellenbergerMD) March 26, 2022
Surging fertilizer prices may cause a "food selection crisis" in the United States. pic.twitter.com/70vfXEsc9H
— Thomas Massie (@RepThomasMassie) March 25, 2022
Russia is a major supplier of every crop nutrient.
Without that supply, fertilizer prices will soar and lead to even higher supermarket bills https://t.co/Zr8WBCIyqC
— Businessweek (@BW) March 22, 2022
Obviously fertilizer is a key component in agriculture. If fertilizer keeps going up, the price of food is only going to be passed on to the customer.
We could see food prices double if not triple over the next year or so because of this. If you don’t have emergency food supplies, you should get them ASAP.
