A surge in ag input prices over the last couple of years has raised concerns about global food security.
That is according to the Organization for Economic Cooperation and Development and the UN’s FAO. Their 10-year outlook shows rising fertilizer costs can lead to higher food prices globally. They estimate for each one percent increase, commodity prices go up 2.2 percent.
The groups also estimate global food consumption in calories will increase by 1.3 percent between now and 2032, a slower pace than the previous decade.
