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Australia: Populate and We Will PerishJim Rogers Says Food Shortages in Our Future
A severe food shortage is on its way, according to well-regarded investor Jim Rogers. Food inventories are the lowest in decades and “[m]any farmers cannot get loans to buy fertilizer now, even though we have big shortages developing,” Rogers said on CNBC.
For investors, that could mean a buying opportunity in commodities, in particular coffee and cotton, Rogers said. In fact, he says commodities are a much better buying opportunity than stocks right now.
For the rest of us, a food shortage could mean skyrocketing food prices. “Sometime in the next few years, we’re going to have very serious shortages of food everywhere in the world and prices are going to go through the roof,” he said.
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Honduras to Suffer Famine Because of Food Crisis
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