It wasn’t that long ago that we had a global food shortage that caused food riots in parts of the world. Now, two years later, we’re looking at another global food shortage.
These shortages, coupled with the weak economy, means that we could very well see significant food shortages coming to a town near you. Don’t wait, food is relatively cheap and plentiful right now. Make sure your preparedness plan includes storing food for a protracted period of time; a minimum of 6 months to one year for each person in your family.
Since grains usually makes up a large portion of the typical food storage, check your preps and make sure to fill in any “holes” while you still can.
Wheat Shortage May Mean Higher Grocery Bills
A summer of relentless heat in Russia could mean higher grocery bills for the rest of the world come autumn.
Wheat prices spiked Thursday after Russian Prime Minister Vladimir Putin issued a ban on exports as that country confronts grain shortages amidst drought and withering crops, a situation made worse by out-of-control wildfires.
The global ripple effect other countries possibly hoarding food, grain supplies dwindling, commodities prices rising is likely to impact a range of food companies and livestock farmers.
Meanwhile, in India, the government there is stockpiling wheat so aggressively that much of it is sitting outdoors under tarps and starting to rot, the A.P. reported Friday.
“A worldwide scramble for wheat supply is on,” said Phil Flynn, commodities analyst at Chicago-based PFG Best. “Higher costs for wheat and grains may hurt the economic recovery because a few months down the road it means higher costs for everything from bread to cereal to meat as farmers reduce their herds.”
(Later in the article:) Barber added that flooding in China is also going to cause rice shortages: “This could be just as important a story to the world’s food supply as the wheat shortages.”
(Ed. Note: Wheat and rice are the 2 biggest grains in use in the world. A shortage of one is bad, but a shortage of both could be catastrophic depending on how bad the shortage is.)