By now I'm sure you have all heard the reports out of Russia about the amazing heat wave and crazy wildfires. What you may not have heard is that Russia has now shut down all exports of wheat. Big deal right? Indeed it is. Russia is the third largest producer of wheat in the world behind Canada and the U.S. Now that all that wheat is off the market, what do you think is going to happen to the price of grain and grain based products? Pair this with the falling value of the dollar and you can just imagine the rampant inflation that is coming.
Originally the ban only extended to the end of December of 2010. As of this week it's been extended until next harvest season when it MIGHT be lifted.
Be safe my friends, be prepared for anything in this world.
Events such as these are exactly why I am so focused on breeding heavily adapted and genetically diverse varieties. It speaks to the very soul of the work I am doing.