We've been on this beat for a long time, but more and more the world is waking up to the crisis ahead. We need higher yields, immediately - worldwide. And will continue to need higher yields to support all these humans coming online, especially the ones moving to middle class. [Apr 30: Finally, a Year Late Fertilizer Hits the Front Page of the NYTimes] ... again, I state this planet is not well suited for 6.5 Billion people unless 4.5 Billion live in abject poverty. The more wealth in this world and the more people move from poverty to "middle class" (we wouldn't call it that necessarily in the US), the more strains on the globe. We will have crisis after crisis until/if/when technological breakthroughs happen... but I believe the next 1-10 years will be fraught with crisis after crisis as world governments ...

Before we get to the story let me refresh my thoughts... first I said this was a potential threat a few times, most recently in [Apr 23: Potash hits $1000 on Spot Market] I wrote If Western governments have any moral backbone they will at least jawbone pulling biofuel subsidies... this would cause backlash reaction in fertilizer even though biofuels are just a small piece of the puzzle. (again this is a minor risk at this point, especially with US elections coming but maybe Europe will react first?) While the biofuel situation is not the major driving factor of agflation that does not matter - perception is everything and go back to point (b) a lot of new investors to a hot sector who know little about the long term situation and just are going by sound bites "rice riots" "fertilizer is hot" "Neil Cavuto even likes fertilizer" ...