Forwarded from Ice Age Farmer
Fertilizer Inflation Contributing to Higher Food Prices
Food prices are expected to rise going into 2022, and one major contributing factor is the rising price of fertilizer. The American Farm Bureau Federation stated that all nutrients had risen dramatically in cost over the last year: ammonia has increased over 210%; liquid nitrogen has increased over 159%; urea is up 155%; MAP has increased 125%; DAP is up over 100%, and potash has risen above 134%. This does not include the growing cost of transportation.
IAF: It is becoming economically infeasible to produce food…by design.
#FoodsPrices #fertilizer #Inflation
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/fertilizer-inflation-contributing-to-higher-food-prices/
Food prices are expected to rise going into 2022, and one major contributing factor is the rising price of fertilizer. The American Farm Bureau Federation stated that all nutrients had risen dramatically in cost over the last year: ammonia has increased over 210%; liquid nitrogen has increased over 159%; urea is up 155%; MAP has increased 125%; DAP is up over 100%, and potash has risen above 134%. This does not include the growing cost of transportation.
IAF: It is becoming economically infeasible to produce food…by design.
#FoodsPrices #fertilizer #Inflation
https://www.armstrongeconomics.com/armstrongeconomics101/inflation/fertilizer-inflation-contributing-to-higher-food-prices/
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Fertilizer Inflation Contributing to Higher Food Prices | Armstrong Economics
Food prices are expected to rise going into 2022, and one major contributing factor is the rising price of fertilizer. The American Farm Bureau Federation stated that all nutrients had risen dramatically in cost over the last year: ammonia has increased over…