Food Shortages Coming in 2023: Will Food Prices Go Down in 2023?

December 13, 2022 6 min read

us food shortage

 

If you're not already stocking your pantry with emergency food supplies, it's time to do so.

The World Food Programme's (WFP) executive director, David Beasley, said during a Security Council meeting on May 19, 2022, that he fears food shortages might be coming in 2023 because of the war on Ukraine, with bad weather also adding to the problem. 

He stressed that over the past two years, there have been a number of food crises around the world, and due to the ongoing conflict between Russia and Ukraine, the situation around the world is likely to get worse. 

While the food shortage we faced in 2021 and 2022 was something we never expected, there are steps we can take now to prevent a similar problem in the future. This article will list the food items that are predicted to see a shortage and the easiest ways to store these foods, so they last as long as possible.

 

Will Food Prices Go Down In 2023?

 

food shortage

 

Prices are going to be on the rise due to increasing global demand. With inflation, supply-chain bottlenecks, extreme weather conditions, transport issues, and war conflicts in Russia and Ukraine, there will be a significant chance that prices will increase for most products in 2023. Furthermore, food shortages are likely to hit again in 2023. 

 

 

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Food Shortages are Unavoidable

In 2022, we had a severe food shortage here in the United States of America. This food shortage was due to a series of unfortunate events that stripped our country of its necessary resources. And now the Russo-Ukrainian War is threatening to cause food shortages in 2023.

The war began in 2014 and has been going on for more than eight years. Beasley spoke during a Security Council meeting about the coming food shortages. "We're now experiencing an unprecedented food crisis," he warned. "Pricing has become our biggest concern due to all the COVID storms, but by 2023 it will be a food availability problem.”

Beasley states that the conflict affects many aspects of Ukraine's life, including agriculture. Because of this, the number of people in the world living in severe food insecurity has increased from 276 million to 345 million since Russia invaded Ukraine on 24 February 2022.  

Beasley also raised the alarm in his recent tweet that there could be a lot of people going hungry if peace isn't reached soon. "When a country like Ukraine, which grows enough food for 400 million people, becomes unavailable on the market," Beasley says, "it creates the market volatility that we’re now seeing.”

According to many reports, the current situation with food supplies is, in fact, already dire. The WFP predicts that by 2023 there will be a shortage of wheat and corn, which are two staple products in the food supply chain. 

The reports also estimate that these shortages will increase global food prices and could even trigger a new global recession.

 

How Russo-Ukrainian War Affects U.S. Food Supply Chain:

 

war is one factor why there is a food shortage coming

 

The United States is a very self-reliant country when it comes to food. We produce a lot of our own food domestically and don't rely much on other countries to feed ourselves. Only about 15% of the country's overall food supply is imported from abroad.

However, this can be a double-edged sword—it's great that we don't have to rely on other countries to feed ourselves. But it becomes problematic when we can't produce enough food and don’t have the infrastructure in place to import food in bulk.

Furthermore, even though we produce a majority of our food in the United States, we import many of the pesticides and fertilizers that help us produce these crops from other countries, including the European Union and Russia. 

Since Ukraine and Russia are currently having a war, it's creating problems for US farmers, especially since fertilizers have become scarce. With this fertilizer crisis right around the corner, US food production is in an uncomfortable position.

Fertilizer is vital for all kinds of crops, including food crops. Without it, our food supply would be impacted significantly. The problem is that most of the fertilizer we need is imported from Ukraine and Russia. Russia has been the biggest supplier of fertilizers. 

Therefore, fertilizer prices are increasing with the ongoing war, resulting in increased prices on most food items.

 

Food Items That are Likely To Face Shortages

Wheat and Corn Shortages

 

corn and wheat us food shortage

 

According to S&P Global, Russia is a major contributor of wheat worldwide, ranked number one in exports. Additionally, we found that the Great Plains drought of 2021 had a negative impact on U.S. production and pushed prices up by as much as 40% at the beginning of 2022.

Most recently, US wheat production has been impacted by the unprecedented dry weather, reported by Reuters and the US Department of Agriculture. As of October 20, greater than 80% of the United States faces abnormally dry conditions, raising the risks for the 2023 harvest. 

Bread Shortages

According to Mashed reports, because of the conflict between Ukraine and Russia, it is unlikely that production in Ukraine will improve any time soon. With the beginning of harvesting season in July of this year, crop production in Ukraine declined by 35% to 45%, compared against last year's numbers.

Russia and Ukraine are two of the biggest cereal grains exporters, accounting for about 20% of global cereal grain production

With the conflict in Ukraine, Russia’s grain production has been disrupted. Experts speculate that there could be a significant global cereal grain supply shortage as early as 2023. They also predict that this shortage may cause a struggle to obtain the necessary ingredients to make bread, resulting in bread shortages in 2023.

Canned Food and Pet Food

 

us food shortage

 

According to ClickOrlando, the great aluminum shortage is still continuing. COVID-19, labor shortages, the Russo-Ukrainian War, increased demand, and the ongoing supply chain crisis are all to blame. 

And we will probably have no end in sight until 2023, when the world hopefully moves back towards normalcy after all these crises. These supply issues have caused prices for aluminum-based products, such as canned vegetables, meats, and soda, to increase significantly.

 

How To Prepare For The 2023 Food Shortage

 

us food shortage is coming

 

The 2023 food shortage is upon us. It's time to get prepared! But how much food to store, what to store, and what are the best food storage options? These might be a few questions on your mind. The best way to prepare for this food shortage is by stocking up on the essentials now.

Canned foods are a common staple in many preppers' food stocks. These are inexpensive, easy to store, and convenient to use. However, unfortunately, highly acidic items such as tomatoes only have a shelf life of 12-18 months. 

Canned foods that are lower in acidity, such as canned chicken or vegetables, last a little longer but still only last 2-5 years. Even rice, an essential part of food storage, only lasts 6 months if unmilled (brown rice).

Those that are looking to save time, money, and effort may want to consider buying freeze-dried food or dehydrated emergency food supplies. These foods have a shelf life of 25 years and thus remove the need for restocking every few months or years. That's a lot longer than any fresh produce or canned foods you're likely to buy at the grocery store!

We always recommend investing in an emergency food supply because it's the easiest way to get into prepping and takes the least amount of time to build a long-lasting food supply with a 25-year shelf life.

 

The Bottom Line For The Food Shortages Coming in 2023:

Food shortages look set to hit the world again in 2023. Not just a little shortage but one that will likely impact everyone. We should prepare for this crisis now, and by doing so, we may be able to prevent further crises.

Furthermore, the price of food and ingredients is also likely to rise dramatically next year as a result of inflation and supply-chain bottlenecks. Families should consider methods of food storage now before the prices start rising.