There's a reason why the two percent of viable decent, you know, the decent

wheat growing area now is increasingly in Central Eurasia and into Eastern Europe, so Ukraine, Russia, some degree, Kazakhstan.

That's because of climate change. That's where the most viable fields are going to be.

But that's, I mean, even when Ukraine, he's like 2% of the world's wheat, right?

It's actually not that much.

Why then is this causing such a spiral?

And that's because Ukraine's excess wheat is what feeds North Africa. It goes in through Egypt.

Egypt used to be the Brad Brasket of all of Europe because of a variety of policies

adopted in the middle to late 20th century including the Aswan Dam.

Egypt is no longer able to produce enough food even for itself and has went from being

a net food exporter to a net food importer.

But what it still has is all of its initial processing infrastructure, bakeries,

and whatever for processing this massive amount of wheat that it's been buying from either

Russia or Ukraine and then shipping it off as a finished product to north, central, and parts of East Africa.

And this is where we get into the discussion

of value change within agriculture itself because people think

wheat production is the farmer out there making you know growing it, reaping it,

selling it on the market, making the money and then that's kind of where the value is produced, quote unquote.

And then to a larger sense, that's true, but where the actual money is produced, where the profits are produced,

is farther upstream in all of the various different ways of that food is then

engineered. Transported first bought on commodity markets by Cargill or by Bunge or by Archer Daniels Midland as these sort of major brokers that exist, but then of course

processed and turned into, you know, actual food items that go all around.

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