I believe paying more for something as essential as food IS A BIG DEAL for many people.

Only if wages for some reason is not allowed to grow accordingly. And this could be done only intentionally. And if you can't rise your income (demand higher salary, increase production or whatever), then there is completely another problem to discuss, obviously not a price hike.

I don't know, may be I'm used to some other way of things, but here, when we have an obvious price hike, wages are come higher accordingly, regardless of any long-term contracts or whatever deals between employer and employee. This is force-majeure situation, and everybody understand that. If employer will not compensate this inflation, employee will find another employer who will.

In my opinion food shortages and massive increases in food prices often contribute to revolutions, as seen in the French Revolution of 1789.

If price is higher and wages are at same level, then people will buy less food. Where this shortages will come from, then?

Farmers respond to scarce supplies by purchasing and using less fertilizer, which can negatively impact crop yields for the next harvest.

So, farmers look at fertilizer prices, think that they have to buy less fertilizer, know that crop will be lower, and prices will be higher, and does not want to acquire larger part of market doing opposite than all other farmers will do? How is this? Where is all that American spirit of using opportunities and making more money?

If I know beforehand that crops will be lower, and prices will be higher, what stops me from using this opportunity to produce more, sell more for higher price and cover all possible expenses on more expensive fertilizer? I will even take a loan to buy more fertilizer with cheap current interest rate, and then easily pay it back when currency become times cheaper, due to higher food prices.

I don't know where you come up with this "panic" thing from?

It's just my impression, sorry. I would never bother to make a post about some market prices rise, especially if it is just around 25%, not even talking about less.

I believe paying more for something as essential as food IS A BIG DEAL for many people.

Only if wages for some reason is not allowed to grow accordingly. And this could be done only intentionally. And if you can't rise your income (demand higher salary, increase production or whatever), then there is completely another problem to discuss, obviously not a price hike.

I don't know, may be I'm used to some other way of things, but here, when we have pbvious price hike, wages are come higher accordingly, regardless of any long-term contracts or whatever deals between employer and employee. This is force-majeure situation, and everybody understand that. If employer will not compensate this inflation, employee will find another employer who will.

In my opinion food shortages and massive increases in food prices often contribute to revolutions, as seen in the French Revolution of 1789.

If price is higher and wages are at same level, then people will buy less food. Where this shortages will come from, then?

Farmers respond to scarce supplies by purchasing and using less fertilizer, which can negatively impact crop yields for the next harvest.

So, farmers look at fertilizer prices, think that they have to buy less fertilizer, know that crop will be lower, and prices will be higher, and does not want to acquire larger part of market doing opposite than all other farmers will do? How is this? Where is all that American spirit of using opportunities and making more money?

If I know beforehand that crops will be lower, and prices will be higher, what stops me from using this opportunity to produce more, sell more for higher price and cover all possible expenses on more expensive fertilizer? I will even take a loan to buy more fertilizer with cheap current interest rate, and then easily pay it back when currency become times cheaper, due to higher food prices.

I don't know where you come up with this "panic" thing from?

It's just my impression, sorry. I would never bother to make a post about some market prices rise, especially if it is just around 25%, not even talking about less.