JPMorgan warns a brutal grocery shock could hit boomers, as USDA says prices may jump 12.3%.
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Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. A JPMorgan warning is racing across social media (1): Fertilizer shortages could trigger a total global food supply crisis in 2027. However, the threat may take months to reach grocery stores.
Farmers facing scarce or expensive fertilizer can absorb the cost, use less of it or switch crops. Each choice would reduce supply or raise food prices after the next harvest. Must Read “Rising fertilizer prices could lift global food inflation temporarily to 4-5%,” warned (2) Nora Szentivanyi, a senior global economist at JPMorgan.