Climate is 'the No. 1 reason why food prices go up,' CEO says

[Yo_Mama_Been_Loggin]

Extreme weather events, from droughts to floods, have inflated global food prices beyond the effects of the Russia-Ukraine war — and climate change will only continue to stress crop yields.

"The climate is the No. 1 reason why food prices go up," Sal Gilbertie, president and CEO of Teucrium Funds (CORN), told Yahoo Finance Live (video above). "It happens all the time. If you look at the last six or seven times that global grains have risen, all but one — and that would be the Ukraine war — are caused by weather, and it's usually a drought. It's usually not enough rain. That's associated with heat. And we've seen that around the world."

World food prices in June were 23% higher than the previous year, according to a UN agency report, though they did see a decline that month as farmers in the northern hemisphere brought in new harvests.

The recovery from the COVID-19 pandemic, higher fertilizer costs, and higher energy prices stemming from Russia's invasion of Ukraine have all been contributing factors in 2022. At the same time, worsening climate events could be the final straw that leads to higher prices for some and famine for others.

https://finance.yahoo.com/news/climate-no-1-reason-food-prices-go-up-teucrium-ceo-170321794.html

[DBoon]

1. You either pay for it one way or you pay another way

You can pay to mitigate climate change or you can pay for the consequences

Right now we are paying for the consequences. We are 20 years to late to stop the progress of climate change.

Thank you Supreme Court for stealing the presidency from Al Gore.