“Friend shoring means that, rather than just bringing everything [manufacturing] back to the U.S., which is feasible, let’s make sure our supply chains are with countries that are friendly to us,” Heidelberg says.
The April Ag Economy Barometer shows farmers’ concerns about crop inputs are overshadowing optimism surrounding commodity prices hitting decade-highs as some inputs are still in short supply as planting gets underway.
Glyphosate was already in short supply heading into the 2022 planting season, but another black swan event is putting an even tighter squeeze on supplies.
Understory, a weather network, edge computing and machine-learning company, together with Monsanto, will provide localized weather information to Argentinian farmers.