The combination of the wettest planting season in U.S. history, a catastrophic trade war with China and economic conditions that are brutal for small farms has produced a “perfect storm” for U.S. farmers. Farm bankruptcies have already risen to the highest level in 7 years, but many expect that they will soon surge to all-time record highs. Due to the incredibly wet weather, millions upon millions of acres of prime U.S. farmland will not be planted with crops at all this year. And millions of acres that do get planted will yield a lot less than usual because of the wretched conditions. Meanwhile, the U.S. will export far less corn and soybeans than usual this year due to our trade conflicts with China and Mexico. With much less international demand, U.S. farmers are going to have an increasingly difficult time trying to make a profit on anything they are able to grow. In the end, thousands of farmers will not be able to recover from this crisis and will be forced out of the industry for good. (Read More...)
Food Storage
Due To Cataclysmic Flooding, Millions Upon Millions Of Acres Of U.S. Farmland Will Not Be Planted With Crops This Year
It looks like 2019 could be the worst year for U.S. agriculture in modern American history by a very wide margin. As you will see below, millions upon millions of acres of U.S. farmland will go unused this year due to cataclysmic flooding. And many of the farmers that did manage to plant crops are reporting extremely disappointing results. The 12 month period that concluded at the end of April was the wettest 12 month period in U.S. history, and more storms just kept on coming throughout the month of May. And now forecasters are warning of another series of storms this week, and following that it looks like a tropical storm will pummel the region. As Bloomberg has pointed out, we have truly never seen a year like this ever before… (Read More...)
This Is Not “Normal”: There Have Been More Than 500 Tornadoes In The U.S. During The Last 30 Days
The mainstream media has been using the term “uncharted territory” to describe the unusual tornado outbreaks that have been happening in the middle of the country, but I don’t think that truly captures the historic nature of what we are witnessing. Over the last 30 days, there have been more than 500 tornadoes in the United States. That is not normal. In fact, Tuesday was the 12th day in a row when at least eight tornadoes were spawned, and that is a new all-time record. Community after community in the Midwest now looks like a “war zone”, and billions upon billions of dollars of damage has already been done. But this crisis is far from over, because forecasters are telling us that more powerful storms will roar through the middle of the country on Wednesday. (Read More...)
Floods And Drought Devastate Crops All Over The Planet – Could A Global Food Crisis Be Coming?
It looks like global food production could be well below expectations in 2019, and that could spell big trouble in the months ahead. In recent weeks, I have written extensively about the problems that we have been experiencing here in the United States. As many as a million calves were lost to the flooding that hit the state of Nebraska in March, farmers have planted less than half of the corn that is normally in the ground by this time of the year, and a lot of the crops that have been planted in the middle of the country are really struggling due to extremely wet soil. But it isn’t just the United States that is facing a very troubling year. Earlier today, one of my readers sent me an article entitled “Global food crisis ahead as extreme weather events devastate crops and fields around the world” which I would encourage everyone to read. In that article, we are told that after the worst drought in 116 years Australia has actually been forced to import wheat. And according to the Guardian, this is the first time in 12 years that this has happened… (Read More...)