Upset to global agricultural trade? Long-term impacts of the Russia-Ukraine Conflict  (Ag Web)

AgWeb published an article stating that eye-popping prices for both grain and crop inputs have U.S. farmers taking a hard look at budgets in 2022. Markets ebb and flow, but war in one of the world’s largest export countries stands as a major wild card. As the battle in Ukraine stretches on, just how many crops are planted, harvested and shipped remains a guess. Senior research fellow Joseph Glauber said, “The costs to move grain out are really high. That could be changed over time but no one is going to make the investment just to see exporting return to the Black Sea within a year or two.” For now, experts are looking at this disruption the same way they see a drought — it’ll take a couple of years for everything to balance back out. “Farmers plant more crops, supplies tend to go up and prices will moderate,” Glauber says. “The war is causing real problems with moving anything out of Ukraine, and that will be an issue for quite some time.”