This is part of a post I saw today from farmer dealing with this “apocalypse”. An honest to goodness farmer, not some media hack or fertilizer no nothing, like you and me.
“I am a central texas farmer growing mostly forage and small grains and hay for animal production. Fourteen months ago I bought UAN 32 fertilizer for 232 a ton. 18 days ago I bought another load to top off my storage silos for 820 a ton. Friday a friend in South texas called in a panic because he had been quoted 2000 a ton for fertilizer. I gave my supplier a quick call and he had already been selling for 1200 a ton delivered and this next week was planning to go to 1600.
Part of this issue is the fertilizer price and part is the almost 5 dollar a gallon diesel fuel. Fertilizer in this area mostly all gets trucked in from Houston as it is needed.
What people need to realize is what these inputs actually mean as we are just into spring planting here and it goes to the north as it warms up. If fertilizer hits 2320 dollars which it appears it will easily, that will mean my input cost on one single item will be 1000 percent higher. Figure in diesel costs twice as much this year and parts are ridiculously expensive and hard to come by as well as oil and lubricants to service my equipment and you are basically going to come up with a commodity price that is 15 times what it was last year.”
Sound like a potential apocalypse to you?
BOTH Oil and wheat have doubled in the last 122 months.
Both are likely to double again.
https://tradingeconomics.com/commodity/crude-oil
https://tradingeconomics.com/commodity/wheat
So has lumber
https://tradingeconomics.com/commodity/lumber
Russia is in the top 3 exporters of the above commodities.