Global fertilizer prices are rising: 25% of nitrogen trade flows through the Strait of Hormuz. Its closure has seen Urea prices jump 15% in just the last few days.

This comes just in time for Spring planting, meaning farmers (who are already going bankrupt at a record pace) will literally have to give up the farm, accelerating consolidation into the hands of technocrats like Gates (already the #1 individual holder of US farmland).

And, of course, it translates to higher food prices. Factor in also the cost of fuel for farm operations and product transport...and this is a full-chain gut punch for food security.

Grow those gardens!

- @iceagefarmer

source: https://www.agweb.com/news/conflict-iran-ripples-through-global-fertilizer-markets-raises-prices-even-higher