> urea is a major component of fertilizer Oh yes. And alarm bells are ringing. "I want to say this loud and clear right now, that we risk a very low crop in t

> urea is a major component of fertilizer Oh yes. And alarm bells are ringing. "I want to say this loud and clear right now, that we risk a very low crop in the next harvest. I'm afraid we're going to have a food crisis." — Svein Tore Holsether, CEO and president Yara International. https://fortune.com/2021/11/04/energy-crisis-food-shortage-security-fertilizer-prices-yara-ceo-madagascar-cop26/ https://fortune.com/2021/11/04/energy-crisis-food-shortage-s... "Major fertilizer producers Yara International ASA and CF Industries Holdings Inc. said soaring energy costs are forcing them to halt some output of nutrients crucial for growing crops." https://www.bloombergquint.com/business/europe-s-energy-woes-hit-fertilizers-in-another-threat-to-food https://www.bloombergquint.com/business/europe-s-energy-woes... "In the fall, soaring electricity demand led the southwestern province of Yunnan, a key phosphate producer, to order drastic production cuts by energy-hungry industries, including fertilizer." https://www.nytimes.com/2021/12/06/business/urea-fertilizer-food-prices.html https://www.nytimes.com/2021/12/06/business/urea-fertilizer-... "Farmers in India are desperate. Trucks in South Korea had to be idled. Food prices, already high, could rise even further." https://www.nytimes.com/2021/12/06/business/urea-fertilizer-food-prices.html https://www.nytimes.com/2021/12/06/business/urea-fertilizer-... "Among farmers and ranchers, very few topics are being discussed as much as the skyrocketing cost of fertilizer and increasing concerns regarding availability." https://www.fb.org/market-intel/too-many-to-count-factors-driving-fertilizer-prices-higher-and-higher https://www.fb.org/market-intel/too-many-to-count-factors-dr... "High fertilizer prices could exert inflationary pressures on food prices, compounding food security concerns at a time when the COVID-19 pandemic and climate change are making access to food more difficult." https://blogs.worldbank.org/opendata/soaring-fertilizer-prices-add-inflationary-pressures-and-food-security-concerns https://blogs.worldbank.org/opendata/soaring-fertilizer-pric... "Higher farm input costs, expensive shipping and good demand provide for a grim combination... We are under La Niña conditions, the second such event in as many years, and the weather cannot be expected to be normal until Q2 2022 at the earliest." — Rabobank Outlook 2022: Hell in the Handbasket. https://research.rabobank.com/far/en/documents/842941_Rabobank_ACMR-Outlook-2022.pdf https://research.rabobank.com/far/en/documents/842941_Raboba... Hell in the handbasket here we come!