Prices continue to tank for the key staple food commodities of wheat, corn and soybeans. This will put many farm budgets around the globe in marginal territory and force lenders to call in loans. Forget about lines of credit if you haven't secured them.
Nobody is considering the effect the credit crisis is going to have on agriculture but it is likely to cause a massive drop in global stocks of key staple foods in 2009 unless grain prices rally.
The only result I can see is a permanent blow to output capacity, real physical shortages, trade restrictions, and ultimately hyperinflation ...
