We’ve heard for weeks about the looming worldwide food crisis being generated by the war in Ukraine. The price of food continues to rise, in part because the Russians are blocking Ukrainian ports, and shipments of wheat are going nowhere. About 30% of the world’s wheat comes from Russia and Ukraine, which could impact nearly 50 million people, but the problem extends beyond grains. Straight Arrow News contributor Peter Zeihan says the food uncertainty is bad news for many countries, but not for the U.S. He believes agriculture is poised to be a major growth sector in our economy.

Excerpted from Peter’s July 1 “Zeihan on Geopolitics” newsletter:

Few industries are going to see as much upheaval in coming years as global agriculture. The Russian invasion of Ukraine, the volatility of global fertilizer and fuel markets, shipping and transport challenges and more are complicating every step of the process from planting crops to the delivery of food to grocery stores and ultimately our plates. To say nothing of inflation. While the outlook for global food supply remains bleak, there are a few bright spots. Namely, the United States.