“In all, growers will see their smallest wheat crop in terms of production since 1972, according to the U.S. Department of Agriculture; 1.56 billion bushels this year, down 21% from 2025.”
“In all, growers will see their smallest wheat crop in terms of production since 1972, according to the U.S. Department of Agriculture; 1.56 billion bushels this year, down 21% from 2025.”
Luckily there aren’t any other exogenous shocks that will affect food production this summer
I’m trying to think of any factor that HASNT completely fucked them this year. I think literally every aspect of their industry is fucked.
Lucky that farming is becoming mainly an investment and speculation opportunity that has little dependence on its actual production. Well, for rich people, I mean. They will get bailed out anyway.