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[INTERNATIONAL] · United States, Iran, Ukraine · 3 sources

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Global food production faces crisis amid conflict and weather

Global food production faces a significant downturn through 2026 and 2027 due to a combination of geopolitical conflicts and extreme weather. The war with Iran has disrupted fertilizer supplies from the Middle East, while the escalation of conflict in Eastern Europe has severely reduced wheat exports from Ukraine. Additionally, a record-strength Super El Niño is expected to cause volatile weather patterns that could damage crops worldwide.

In the United States, these pressures are manifesting in the agricultural sector. Chapter 12 bankruptcy filings for family farms and fisheries rose to 336 in the year ending June 30. Economists at the American Farm Bureau Federation project that national average returns for nine major crops could face a $32 billion shortfall against expenses in 2027. Researchers from the University of Illinois Urbana-Champaign note that these rising bankruptcies are a lagging indicator of accumulated pressures, including high interest rates, elevated input costs, and low commodity prices.

Entities

American Farm Bureau Federation · Cornell University · Food and Agriculture Organization of the United Nations · Iran · Noel Fryer · Ukraine · United Nations

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