Food and agriculture are some of the least-automated industries, so the global labor shortage has hit especially hard. According to BCG's Decker Walker, this matters because food is “inherently local and it’s also inherently political,” via Bloomberg on.bcg.com/2WWnugD

Ford to end manufacturing in India, take $2 billion hit reuters.com/business/autos…

When we use fear and pride to get people to do good, we promote selfishness and evil.

A top meatpacker in Europe says eating a steak will soon become a luxury, like drinking Champagne bloomberg.com/news/articles/… via Bloomberg

mainebiz.biz/article/maines…

"Every single issue that's facing the reset of the economy, is exacerbated in the agricultural sector." James Mintert discusses the latest Purdue-CME farmer sentiment barometer, and when things could level out for agriculture:

U.S. freight forwarder Flexport will help fly three planes loaded with potatoes to Japan, where a shortage of spuds has caused McDonald’s in the country to ration french fries bloomberg.com/news/articles/… via Bloomberg

Sen. Elizabeth Warren chides supermarket chains for price hikes supermarketnews.com/retail-financi…

Pigs are getting stuck in Canada while their feed is stranded in the U.S. as new vaccine rules snarl truck deliveries trib.al/yKEDAZ4

While the year-over-year reading of #CPI #inflation declined from 9.1% in June to 8.5% in July, median #CPI and trimmed mean CPI came in at 6.3% and 7.0%, respectively, indicating inflationary pressures remain broad-based. See the update: clefed.org/CPI

Studies find a very weak correlation between wealth and contentment, and the more prosperous a society grows, the more common is depression. After basic needs are met, the things that human beings think will bring fulfillment and contentment don’t.

Explaining to your family why they lost 95% with the crypto you told them to buy last Thanksgiving

🇺🇸🌽U.S. #corn yield has risen steadily in the past 60+ years as technology advanced, including the increased use of modern fertilizers and the onset of GMO seeds. Gray line is a non-adjusted linear trend for reference, and some standout years are labeled.

Bit of a rally going on in Mexican bean markets.

The Electric Vehicle Transition In Historical Comparison trib.al/mmJ520Q

'We eagerly wait for the high temperature,' says Iraqi date farmer as heat benefits crops

Farmers blocked one of France's main motorways linking Paris with the northern city of Lille, the Benelux countries and Britain reut.rs/3UhRzCW

Quote of the day. #qotd

BELIEVE

Potatoes are a miraculous vegetable, but Americans are eating less of them than ever before and have ditched fresh potatoes for frozen. Is it time to rebrand the spud? Matt Reynolds peels the layers back. Read the full story: wired.com/story/potatoes…