Beth Bechdoll

farmers are making decisions must before food reaches supermarket shelves.

So today, given what's happening in the Gulf, farmers around the world, they are deciding what crops to plant.

They are deciding whether they can even afford fertilizer.

They are deciding how much fertilizer they should apply.

And many are actually deciding whether they should postpone investments or different purchases.

So the current situation, I would say, is maybe more of a warning light and maybe a full alarm bell.

So the question today is, I think, not simply what food costs now.

It's going to be about what food availability and food affordability look like in the next six to 12 months.