When the World Can’t Pay

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When the World Can’t Pay

What happens when the global food production and producers cannot afford to continue business. Argentina defaults on IMF loans, Illinois farmers loose agricultural tax exemptions and have new municipal taxes, Nigeria unions call for non-delivery as the Suez canal closes for weeks more and 12% of China’s food supply is cut off.

P.S. The Canal has reopened…..I don’t think that was the plan somehow.

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Peso usd exchange rate https://www.exchangerates.org.uk/ARS-… “We Don’t Have The Money”: Argentina Warns It Will Default Again https://www.zerohedge.com/markets/we-… China’s food security at core of Beijing’s new five-year rural-revitalisation plan https://finance.yahoo.com/news/chinas… Food Prices Soar As Northern Nigerian Traders, Unions Divert Crops https://www.nextedition.com.ng/food-p… Jan USDA Corn revision https://i2.wp.com/farmdocdaily.illino… Corn: Was the Final 2020 USDA Yield Estimate an Outlier? https://agfax.com/2021/03/04/corn-was… Illinois Grain Farms: Impacts of Removal of Sales Tax Exemptions https://agfax.com/2021/03/24/illinois… Kansas Sorghum: 2020 Hybrid Test Results https://agfax.com/2021/03/15/kansas-s… Kansas Sorghum: 2020 Hybrid Test Results PDF https://bookstore.ksre.ksu.edu/pubs/S… China Rolls Out an Economic Plan to Overtake the U.S. https://ca.finance.yahoo.com/news/wat… The Story of 2019: Protests in Every Corner of the Globe https://www.newyorker.com/news/our-co… Russian Corn Importers https://pbs.twimg.com/media/EtNojJXXE…

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