A Compounding Storm, warns that global food costs could climb 5% in the first half of 2027.

This crisis would serve as cover for whatever additional inflation large producers and grocers can put on top.

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The U.S. has been using its oil reserves to weather shortages caused by the Strait of Hormuz closure. China is doing something similar in the face of a food crisis: It’s leaning on its fertilizer and crop stockpiles.

That places China in a better position — a more resilient position when compared to the U.S. The U.S. Agriculture Secretary Brook Rollins says this makes crop yields a matter of national security.