Dan (the food industry CEO)

um that are really struggling to feed their people and their food inflation is absolutely through the roof uh to varying degrees now a lot of those countries uh have a lot of other things going on right there's political unrest in south africa and cuba for example

But a lot of those things are exacerbated due to skyrocketing food prices.

So here in the U.S., we can look out internationally and see 15 to 20 countries right now in the third world that are really struggling with their food security and with their prices and say that's an early warning indicator for us.

That we need to expect those stresses here.

Typically in America, that means higher prices more than anything else.

It means that we will have to outbid everyone else for, you know, rice from Southeast Asia, for example, among other things.

That's a big part of it, yes.

That is a big part of it.

But at the same time, with the supply chain issues that the entire world has dealt with, it's not necessarily directly tied to inflation.

It's more of a scarcity issue.

So some of these countries, you know, these are countries that typically have a lot of issues anyway.

Some of them, yes, their currency is greatly devalued.

Others, not so much.

They just can't purchase.

They can't compete on the international market for food and food supplies that are not as plentiful as they were before.

especially when you consider countries like China.

China is massively increasing their grain buying and their protein buying as well over the last, well, really for this harvest.

They're buying this harvest at a rapid rate everywhere they can get it.

So these other countries are getting squeezed out because as the supply dwindles, the wealthiest and the strongest get theirs first.

and these other countries don't.