Top investor warns on food crisis reprise

October 30, 2010 • Farming Practices, Daily Email Recap

The world is on the brink of a serious food crisis, according to the well-known financial speculator and commodity bull Jim Rogers.

Decades of failure by governments to invest in farming during an era of low prices had led the world with insufficient capacity to deal with a likely surge in demand for commodities from both households and investors, Rogers said.

“I’m worried about the world’s agricultural situation,” he told Emerging Markets. “The world is on a knife-edge. We could have gigantic food problems worldwide.”

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