Dr. James P. Wickstrom
Moving onto horrendous, the real problem will be when the Mississippi flow drops back to normal levels. The big question will be: Is there enough water to keep all of the shipping ports from New Orleans to Baton Rouge open? The risk here is enormous. It’s estimated that 60% of the grain exports from the US travel out the Mississippi. If the Mississippi is closed, the effect on food prices will be staggering in both directions.
The Next Short Term Worry for Food Prices? River Avulsion
It involves the Mississippi River, and if it happens next week, there will be dangerous geopolitical, economic and financial implications for the world. Here's why.
There are an awful lot of big problems to worry about these days. The economy, the debt limit, the deficit, Social Security, Medicare, the Middle East -- the list is almost endless. But, for the next couple of weeks you can forget about those problems and focus on a new one that hopefully goes away in a couple of weeks.
The new problem is something called “river avulsion," and if it happens next week it is going to be a big problem for the world with geopolitical, economic and financial implications that are likely to be extremely confusing and dangerous in many respects. More Here
The new problem is something called “river avulsion," and if it happens next week it is going to be a big problem for the world with geopolitical, economic and financial implications that are likely to be extremely confusing and dangerous in many respects. More Here