That’s bolstered shipment prospects, although freight and insurance costs are high and some merchants are shunning its commodities. Russia has also seen favorable weather and could reap a near-record harvest. Tomato growers have greenhouses bursting. Asparagus farmers can't get into fields to harvest the tender green stalks. As yet another season of drought returns to California, the mood has grown increasingly grim across the vast and fertile San Joaquin Valley. But the war will curb production, and there’s worries about where to store the crop as backlogged exports leave silos bulging with last year’s grain. 2:49 SAN FRANCISCO California and its plentiful farm fields are soaking wet. Soil moisture is satisfactory in Ukraine, buoying yield prospects. China will want to limit its dependence on foreign supply after becoming one of the top importers over the past two seasons. Read More: The Food Crisis Can’t Handle War and Climate Changeįields are due to be harvested in about 20 days, and officials are investigating whether there has been any illegal destruction. Videos on social media show acres being cut down before maturation by farmers hoping to get a better price selling it for animal feed. More rain is in the forecast this week, casting doubt on progress anytime soon.Ĭhina leads global wheat production, and there are concerns about its winter wheat after unusual autumn floods. Extreme weather events in 2021 triggered spikes in the prices of agricultural commodities, which. Further east in Manitoba, a series of storms have sidelined farmers. We’ll send you a myFT Daily Digest email rounding up the latest Food Prices news every morning. Moisture there is lower than a year ago and dry, windy conditions are eroding soils, according to its agriculture ministry. Cool temperatures delayed seeding in Canada, and producers are now trying to plant in fields that are either too wet or too dry.ĭrought is a concern in southern Alberta, a growing area for spring wheat and durum used in pasta. Similar dueling weather problems are playing out across the border. Sowing in North Dakota has been “ painfully slow,” with only 8% seeded versus nearly two-thirds at this time last year, according to the state’s wheat commission. The price effects of localized supply shocks at the farm-gate level will differ across types of farm commodities. Minnesota farmer Tim Dufault estimates his state has already lost about 5 bushels per acre in yield potential from the delays. These weather events may affect the prices that farmers receive for their products, thus also farm incomes and land values. Meanwhile, excessive rains further north are making it tough to plant spring wheat used to make bagels and pizza. Read More: Five Ways to Avert the Global Food Security Crisis agriculture in California, we evaluate the role adaptation can play in reducing the negative effects of climate change on agriculture. “If we don’t have those regular showers, the size of the crop will get smaller every day.” “Everything west of the Mississippi River needs rain,” Harries said. The supply pinch threatens to send elevated grain prices even higher, worsening inflation across supply chains and hurting US exports.
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