Our food imports from Russia are negligible, the biggest impact in the US will be increased food prices due to higher transportation costs. However, many countries import a large portion of their commodities from Russia (I saw some stat yesterday that the Middle East imports something like 80% of their Wheat and Corn from Russia.) I suppose American farmers could see a huge windfall if they manage to have a bumper crop this year.
the biggest impact in the US will be
It’s the fertilizer that’s the biggest issue.
This is what I was thinking. If there’s a good harvest in the US, it could be a windfall for US agriculture. I did read that a huge % of fertilizer is made in Russia. Could mean higher input costs, but well worth the investment.
The biggest problem is the shortage of fertilizer:
The problem with that is the cost of fertilizer due to the self-inflicted natural gas shortage.
Canada is one of our biggest traders in grains and lumber.A gallon of gas is going to be battling a box of cereal in cost.
“huge windfall”
Nope, production costs will eat up any increase in prices.
I have already talked to some snowbird grain farmers around here last week. They are going to plant just enough to pay for taxes and basic survival-if that can be done, and let the rest go fallow.
“the biggest impact in the US will be increased food prices due to higher transportation costs. “
Ever hear of the commodities market?
All that grain & corn being bought isn’t just for human food use.
The U.S. doesn’t exist in an isolated dome.