Demographics around the world are changing. Geopolitical strategist Peter Zeihan says this will cause a great disruption in how our economic systems function. “The world is running out of people under age 40,” said Zeihan. “This is the decade we’re running out of working-aged adults.” China will see the greatest effect. “In essence, the world’s largest manufacturing power, the destination for a huge chunk of the world’s raw commodities, agriculture and otherwise, will go down to zero.” North America will see less of an impact than other areas around the globe that produce food since many inputs are produced domestically. While demand will decrease, there will still be opportunities for producers with access to inputs. Zeihan delivered the keynote address at the Northern Corn and Soybean Expo in West Fargo. Hear the full conversation with Peter Zeihan here.
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