The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027.
More expensive fertilizers are contributed to those higher costs, with some fertilizers spiking 300% since September 2020, according to the American Farm Bureau.
“Last year [fertilizer] was around $270 per ton and now it’s over $1,400 per ton,” Meagan Kaiser, of Kaiser Family Farms and farmer-director of the United Soybean Board, told NBC’s “Nightly News with Lester Holt.”
“It’s scary. It turns my stomach a little bit to think about the amount of risk that our family farm is taking right now.”
Farmers are finding themselves forced to pass some of those costs along to customers, resulting in higher grocery prices.
Fertilizer is essential for crops. Without fertilizer, plants may not get the nourishment they need to result in the yields necessary to meet global…
