Famine is a real possibility in 2022. Why? Because synthetic fertilisers are used to grow crops that feed almost half of the world’s population. And the cost of synthetic fertiliser is skyrocketing. When you add high oil prices into the mix, many farmers find it uneconomical to grow crops. Yields decrease, prices increase, and poorer countries reliant on food imports suffer the most.
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⏭ 2nd and 3rd order effects
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Famine is a real possibility in 2022. Why? Because synthetic fertilisers are used to grow crops that feed almost half of the world’s population. And the cost of synthetic fertiliser is skyrocketing. When you add high oil prices into the mix, many farmers find it uneconomical to grow crops. Yields decrease, prices increase, and poorer countries reliant on food imports suffer the most.