Sara Menker, founder and CEO of Gro Intelligence, explains how European energy shocks directly drive up global nitrogen fertilizer production costs.
Opinion
Menker: The Russia-Ukraine war exacerbated, but did not start, the food crisis
“The Russia-Ukraine war didn't start a food security crisis. It added fuel to an already, like, long burning fire. And I think it's really, really important to sort of highlight that, because if the war went away tomorrow, the crisis we're in doesn't go away, r…”
Assertion Not checkable as stated
Menker: Gro predicts data months before the USDA with near-perfect accuracy
“Even in the U.S., our models are predictive and accurate four to six months in
In advance of when the USDA comes out with its numbers within like, 98 to 99% accuracy.”
Assertion Not checkable as stated
Menker: Gro insights outpace foreign government agricultural reports by two years
“In places like India, in places like Russia, in places like China, in places like Africa, our lead time for sort of our insights is one to two years at times.”
Opinion
Menker: Gold is the worst apocalyptic investment because it cannot be eaten
“Like if you think the world's coming to an end, like that just gold seems like the worst investment idea.”
Assertion Partly supported
Menker: China transitioned into a structural importer of core grains in 2020
“In twenty-twenty, it turned into a structural importer of grains. That means that the world's sort of largest economy went from being self-sufficient in some of these core grains to being insufficient.”
Prediction Not checkable as stated
Menker: Nitrogen shortages will cut global food supply by 216 trillion calories
“What we see now is that basically just the nitrogen problem alone is going to lead to a reduction of 216 trillion calories around the world. And that's just simply due to the fact that using less fertilizer is going to lead to a reduction in yield.”