So good news about wheat, largely thanks to the free market working:
So Ukraine + Russia produce 25% of wheat exports, not total world wheat. Most wheat is produced domestically. The export loss is going to be about .9% of the worlds wheat. But on top of that, people noticed the chaos starting to happen months ago when deciding to plant, and so the price of wheat futures raised, which meant that the US planted and extra 4 million tons worth of wheat and India went all out. So overall, not a huge issue, and already compensated for.
Tell that to Africa if they suffer famine because of this.
Also, that doesn't account for fertilizer and the gas that is required for fertilizer production.
Also, planting X more of a given crop doesn't guarantee you will get X more next season, you might get less, depending on land quality, fertilizer availability, and weather.
Top 10 Wheat Producing Countries (in tons of wheat produced 2020)*
- China — 134,254,710
- India — 107,590,000
- Russia — 85,896,326
- United States — 49,690,680
- Canada — 35,183,000
- France — 30,144,110
- Pakistan — 25,247,511
- Ukraine — 24,912,350
- Germany — 22,172,100
- Turkey — 20,500,000
Also, with more expensive fertilizer and fuel, and close to 10% inflation in the USA, and massive bottlenecks in supply chains I think that some parts of the world are still in for food price shocks.
How much more expensive is it to ship dry bulk cargo from the USA to Somalia, than from a port on the Black Sea, for example, and you still have higher labor costs in places like Western Europe and North America.
EDIT:
I do believe that the US midwest is the primary US breadbasket?
Or maybe they grow corn, not all that familiar with US agriculture, tbh:
NIDIS and its partners will issue further drought status updates as conditions evolve.
www.drought.gov
Severe Drought Expansion and Heat Concerns in the Upper Midwest
Key Points
- Severe drought (D2) has expanded across the Upper Midwest, now affecting portions of Michigan, Wisconsin, northern Illinois, Iowa, and Minnesota. Moderate to severe drought (D1-D2) covers 70% of Michigan, 57% of Iowa, 46% of Minnesota, 34% of Wisconsin, and 9% of Illinois. Overall, 27% of the Midwest region is in drought.
- Drought impacts are beginning to intensify in the Upper Midwest, including wildfire risk, water supply concerns for agriculture, municipalities, and landscaping, and crop stress due to a lack of soil moisture. Municipal water supply concerns are impacting western and central Iowa, where drought has been an issue since summer 2020.
- NOAA’s short-term outlook for June 18-24 calls for a continuation of hot and dry conditions across the Midwest, which will continue to dry soils and make drought issues persist or potentially worsen across the Upper Midwest.
- Summer outlooks (June-August) are leaning slightly towards the potential for above-normal temperatures. With this potential for extreme heat and the current water deficits, it is likely that drought conditions will persist throughout summer. Existing drought issues like increased fire risk, inadequate soil moisture and increased stress for crops and landscapes, and limitations for municipal water supply are expected to continue in drought-affected areas.
27% of the Midwest is in drought, with 6% in severe drought, so what does that mean for crops?
Does anyone have a rundown on irrigation and possible crop yields in the area.
Canda is having the same problems.
The free market can not magically make wheat grow faster, or make it sprout in a desert.
Canadian Drought Monitor - agriculture.canada.ca
Yeah, you can do vertical gardens, and irrigation, but that will all cost, and setting up the infrastructure and the logistics will also take time.
Then again, multiple people think that milk and bread come "from the store" or "from the warehouse" nowadays, and that magically stuff will just pop into existence for them to buy.
Some dumb brats here even thought that there are literal purple Milka cows that somehow produce chocolate.