It’s been a wild set of events in Russia over the past week – with mutinous Russian forces marching towards Moscow, President Putin addressing the nation about their treason, and then the rebels announcing they would turn back “according to the plan” – as though nothing had happened.
As these whiplashing events evolve, here are 10 key developments that former CIA Officers like me will be watching for in the near and long term…
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Spiking fertilizer prices spiking over the last two years is contributing to current rising food inflation, says Theresa Sisung, an industry relations specialist for the Michigan Farm Bureau.
Record 40-year-high inflation is biting into Michiganders’ budgets from more expensive cars, higher energy costs, and higher prices at the grocery store, and it’s no different for farmers who tend roughly 47,600 farms in the Wolverine state that house nearly 10 million acres of farmland.
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Soaring fertilizer prices across the globe have impacted farmers making it more expensive to produce food and forcing them to cut back on production, The Wall Street Journal reported.
Diammonium phosphate, or DAP, a common component of fertilizer, cost $745 per metric ton in December 2021, more than double its average 2020 price, the WSJ reported.
Higher fertilizer costs could translate into increased food prices in the next year, worsening global hunger after the pandemic caused massive job losses and further growing inflation, the WSJ reported.
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