Monday, January 18, 2010

Another Reason to Plant a Garden

If you still need a reason to create your own Yard Farm (home garden), maybe this prediction from Jim Rogers, one of the world's best (and most conservative) commodity investors, will help: "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 (along with many others) sees another rise in petroleum prices in the near future to coincide with food shortages—and the two are linked. The world's commercial agricultural systems are petroleum based: farm equipment runs on petroleum, fertilizers and pesticides are petroleum based, and petroleum is used to transport food an average of 1,500 miles from field to fork. Couple that with the fact that commercial farmers, who live on debt, can't get bank loans because banks aren't lending . . . it does not a pretty picture paint.

Who will be least affected? Those who grow and harvest their own food in their own back (and front) yards. (Fifty feet from field to fork.)

You can read more about Jim Rogers here (he has a record of being presciently accurate about these mega-trends) and read the short article with his predictions here.

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