BEN'S BUBBLY BLOGS

Global food supplies are expected to tighten as alarms continue to sound over this years disappointing harvest.

Last week the U.S. Agriculture Department lowered its nationwide corn production estimate to 13.9 billion bushels, 3% lower than its August projection, and 8% below 2021’s total. This comes after the global food supply was already tightened due to Russia and Ukraine conflict.

This is news to us because everyone consumes food. We currently don’t have any reason to be concerned, but we should continue to follow this topic. In this article by Patrick Thomas at the Wall Street Journal, some are saying that at least two more years of good harvests in the Americas are needed to ease the pressure.

This article is also objective because there are no opinion based content. They write about the facts, or what we know as facts. The estimates that the U.S. Agriculture Department has posted, and what the conflict in Russia and Ukraine has done to the food supply. They also include that the lackluster harvest this year is contributing to this drops in expectations and concern over the food supply.

This entry was posted on Tuesday, September 20th, 2022 @ 11:37 am on the category Uncategorized and . You can follow any responses to this entry through the RSS 2.0 You can skip to the end and leave a response. Pinging is currently not allowed.