Jim Rogers: Brace Yourself For Food Shortages, Thanks To The Banks Hoarding Cash

The Business Insider ^ | 1/15/10 | Vincent Fernando

[FromLori]

Jim Rogers is sounding the alarm -- buy agricultural commodities ahead of the riots. The financial crisis has cut off investment in agriculture, with many farmers unable to get loans for fertilizer according to Mr. Rogers. Of course, this means agricultural commodities will make a killing:

CNBC: "Sometimes 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."

Cotton and coffee are good buys because they are very distressed, while sugar, despite the fact that it has gone up a lot, is still down 70 percent from its all-time high, according to Rogers.

"I don't think that the problems of the world are behind us yet," he said.

Starting at 1:30 in the video:

[phormer phrog phlyer]

Be careful with manure, it could contain seeds which you do not want. When I was a kid (Indiana), my dad got some horse manure as fertilizer and it had chic weed in it. It just about took over the garden.

[hennie pennie]

VERY interesting about the wheat fungus -- did you all know that back some time in the 1990s that former army remote viewer Ed Dames told Art Bell that his team foresaw massive starvation due to a fungal infection - which I think I've read would afflict WHEAT.

Makes me wonder just what the US Army and/or US Gov't happened to know about this fungus way long before it erupted on the world stage?

[SunkenCiv]

Beginning gardeners, a tip — never plant more than one hill of zucchini.

[SCalGal]

I live in the Colorado Rockies so have very rocky and poor soil. I have been composting leaves, pine needles and kitchen scraps to build up the soil in the garden areas.

Rabbit manure is terrific - you can plant straight in it with no need to compost. I had GIGANTIC artichoke plants this past year, planted into straight rabbit manure.

[jpsb]

I just put in a 60x20 garden, guess I need to learn how to can food too, damn.

[jpsb]

Another tip, do not plant all at once, my mistake, plant once every week or two so that crops come in slowly not all at once.

[MtnClimber]

I was worried about this when Zero got elected since the leftist dictators have used food shortages to gain control of the people so often in the past. I grew my first garden here in Colorado last year. I will be expanding the garden this year. Planting fruit and nut trees too.

[jpsb]

Can you buy top soil and put in a raised bed? If so I would do that rather then try to build up the soil. At 4 inches one yard will give you an 8x10 garden. I bought 16 yards of top fill for a 20x60 6 inch raised bed. Then I but 6 yards of compost into it. Total cost was under $450.00, my friends told me $450 would buy a lot of green beans at Krogers. lol, well maybe yes and then again maybe not. But they sure are liking the brocolli, cabbage, brussels sprouts and greens I'm getting out of it right now.

I used to do a small garden here in Texas a few years back but had to start all over since hurricane Ike took all my top soil. Good luck with yours!

[MtnClimber]

I am basically doing raised beds. I live at 8500 ft elevation in the Colorado Rockies and have a 1 acre forested lot. Mostly pine trees and aspens. I rake up and compost the pine needles and leaves along with kitchen scraps. I am trying to expand by 20’X20’ each year for the next few years.

[MNJohnnie]

The agency blames poor weather, low prices and the late row crop harvest for the decrease

That would indicate Rogers is talking out his butt. Low prices are a sign of surplus, not scarcity.

[Woebama]

Some of the best gardens in the country are in Jersey. Great tomatoes.

[MattinNJ]

Agreed. Nothing like stopping off on one of the back roads and chowing down on some Jersey produce. I live in NW jersey and commute to Princeton. I stay on the back roads and it is every bit as rural and beautiful as parts of Tennessee, Virginia, or Kentucky that I have been to.

I know nothing about gardening, but I think we have great soil because we get a very slow snow melt. Buddy of mine just throws his pumpkins in the backyard and a whole patch comes up the next year-or so he tells me.