Marie-Claude Bibeau, Canada s agricultural minister, said agricultural production losses from extreme weather events is a bigger risk to food production in her country than the government s emission targets. The agricultural minister had expressed her frustration over disinformation she has seen in media about the federal government s goals.
An event Friday by the Kansas City and Minneapolis Federal Reserve Banks highlighted the various problems with inflation but few lights at the end of the tunnel. One key issue that could dramatically dial back food and fertilizer inflation remains the war in Ukraine, which has no easy outcome in sight. Another area where Congress could help is agricultural labor.
A corn mill seemed to fit on the northern edge of Grand Forks, N.D., but the project led by a Chinese company, Fufeng Group, has now become one of the biggest political and national security debates over Chinese foreign investment in the U.S.
Despite higher-priced inputs, interest rates and inflation, overall conditions for Midwest farmers right now are stronger than they were before the pandemic. Labor remains a driver of inflationary pressure, affecting several agricultural industries. The war in Ukraine continues to loom over supply chains.
President Biden committed nearly $3 billion in humanitarian food aid a day after the Global Food Security Index showed it has declined since hitting its peak in 2019, amid skyrocketing food prices and hunger on an unprecedented scale.