For decades, Delaware has been a leader in the world’s chemical industry. Their body of work is incredible and the application of different chemistries touches us every day.
One factor impacting the cost of food is the price of fertilizer. Fertilizer is an important production input and a significant expense for farmers. In this
CNBC video, those interviewed discuss the importance of fertilizer, the impact shortages are having on yields per acre, and the added expense to food prices.
Why care? Food is a non-discretionary purchase for everyone and higher food prices put pressure on wages for every employee from every industry. In addition, some larger employers, including schools, use catering services or have cafeterias and are likely to see prices rise.
New and innovative chemistries are being researched and could solve the shortage issue. As the world’s population grows, the pressure to feed everyone and solve food insecurity challenges will continue. We’ll need our partners in the chemical industry to, again, be the “science behind the scenes” that we all need.
