Farmers’ Costs Are Up 15 Percent; Nitrogen Bans Would Devastate Global Production

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Michael Langemeier is a professor of agriculture economics at Purdue. In this episode, he shares his take on the 2022 crop harvest and how that will impact food prices both domestically and globally moving forward.

Langemeier then walks us through the current fertilizer shortage and the cyclical nature of commercial agriculture, where impacts in one season aren’t typically felt by consumers until months or even years later.

The conversation concludes with an assessment from Langemeier on how much these sweeping nitrogen reduction policies issued in places like Sri Lanka and Canada are likely to affect production volumes and global food prices in the future.

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