Ben Riensche, owner of Blue Diamond Farming Company in Jesup, Iowa, said Friday the inflación seen at the supermarket is nowhere near as bad as it will get as the growing season continues in the heartland.
“If you think we’re seeing food price spikes right now, I think the food price increases are just starting,” Riensche said. “And I don’t think your grocery bill will be $ 1,000 a month. I think it may go up $ 1,000 a month.”
Riensche rejected the Biden administration’s claims inflation will be “transitory” and warned of possible “food scarcity” as the collective crisis disrupts supply chains at all levels.
“My diesel price is up. So that’s crushing my profit and my fertilizer prices for phosphorus, nitrogen and potassium — the three key nutrients I need to grow. My crops are up three-times,” él dijo, adding that his latest fertilizer bill alone was $ 1 millón.
The high prices for raw materials are thereby decreasing demand for agriculture inputs, Riensche added, saying that translates to spreading out crops during the planting phase, resulting in a smaller harvest.