Monday, June 27, 2022

'Guaranteed Food Shortages, Food Inflation, Famine'

How Bad Will the Food Shortage Get?

Story at-a-glance

  • It’s becoming increasingly clear that severe food shortages are going to be inevitable, more or less worldwide, and whatever food is available will continue to go up in price

  • The cost of agricultural inputs such as diesel and fertilizers is skyrocketing due to shortages — caused by a combination of intentional and coincidental events — and those costs will be reflected in consumer food prices come fall and next year

  • Mysterious fires, alleged bird flu outbreaks and other inexplicable events are killing off livestock and destroying crucial infrastructure. Since the end of April 2021, at least 96 farms, food processing plants and food distribution centers across the U.S. have been damaged or destroyed

  • The global food price index had risen 58.5% above the 2014-2016 average as of April 2022, due to a convergence of post-pandemic global demand, extreme weather, tightening food stocks, high energy prices, supply chain bottlenecks, export restrictions, taxes and the Russia-Ukraine conflict

  • Combined, all of these factors set us up for guaranteed food shortages, food inflation and, potentially, famine in some places, so now is the time to prepare

Two years ago in May 2020, I predicted the COVID-19 pandemic would be followed by famine, thanks to the intentional shutdown of businesses and global supply lines.1

Depending on where you live, you’re now starting to see shortages to a greater or lesser degree. But regardless of how things appear right now, expect changes, potentially drastic ones, over the coming months and into 2023, because that’s when the diminished yields from this current growing season will become apparent.

With each passing week, it’s becoming increasingly clear that severe food shortages are going to be inevitable, more or less worldwide, and whatever food is available will continue to go up in price.

The cost of agricultural inputs such as diesel and fertilizers is skyrocketing due to shortages — caused by a combination of intentional and coincidental events — and those costs will be reflected in consumer food prices come fall and next year.







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