Good article on the fertilizer situation. I expect war-time style inflation as certain items dry up (it’s already here with masks, probably will be with cleaning products soon).
...and with the inflation (and gouging), expect some price controls, and, as always with price controls, shortages. Finally, rationing. The problem is that not everything will be hit...but figuring out what will and what will not is next to impossible.
Once the price goes up, it won’t come down - ever.
A few years ago during the drought, ranchers were practically giving away their cattle. There was an influx of beef on the market but prices skyrocketed instead of coming down. Now that the beef industry has leveled out and become normal again, prices are still high.