Is it possible for a nation such as America to face a food shortage in the future?
The answer to this is yes.
The NY Sun recently ran a story about the surfacing of some food shortages in some areas of the US. It appears that this may be a precursor of what is to come. How can this happen? The answer is in the fact that there are several things that contribute to shortages in whole.
For the most part there has always been enough food for everyone on the planet. This is beginning to change. The world is finding itself nearing maximum capacity in not only space but also in many commodities. Oil is a largely the primary commodity running short. The world; however, is not running out of oil anytime soon. It is true that the world has tapped most of the easily accessible oil fields. There is a lot more oil available, but it is becoming more and more expensive to extract shoving up the already inflated oil prices beyond reach.
We are experiencing the same situation with the world's mines. There is not a shortage of ore but we just can't affordably get at it. Essentially this means that there is only a limited supply available at affordable prices. The higher the cost of supplies the fewer people that can afford it; this will of course increase the supplies at unaffordable prices.
Food is not left out of this variable. Again, there is just so much food available in the world; much of it is exported and imported to the highest bidder. At one time the US had a very strong currency and would easily be the top bidder in any market; however, in recent years this has changed. The value of the US dollar has been declining steadily over the last few years. The US is now being outbid by other countries when trying to obtain commodities. China is leading the world in outbidding the US for needed commodities.
This development will continue as America continues to print more money resulting in a watering down effect. With the value of currency in the downward process, the US will find itself with less ability to be top bidder in obtaining its resources.
The above scenario regarding area food shortage is the predecessor of a number of very shocking changes America is heading for. As a nation we have overspent and under managed our budget for decades and we are going to be faced with a grim reality.
Get Ready; life is going to become painful.
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J Stromsteen has many years experience in the finance, real estate, and insurance fields. Besides her own site, Cheap Auto Insurance, she contributes to the websites Bush's Depression as well as first time home buyer to provide up to date details on the unfolding real estate and financial crisis.