Billionaire Jim Rogers: The world is running out of food

The renowned American investor Jim Rogers, chairman of Rogers Holdings investment fund, said that global supply of agricultural products are increasingly exhausted will lead to food production failed to keep up demand.

During an interview with the Bloomberg financial news agency yesterday, he said: "Let us act now, otherwise there will be no food for any price even in five years."

This legendary investor said he is investing in agricultural products and if found anything worth buying, he will buy.

Thus, Rogers had joined with former President Kofi Annan FAO, World Bank, nongovernmental organizations and G20 Oxfam warned of food shortages worldwide and concerns about future prices.

A meeting of agriculture ministers from the G20 last week agreed to measures to increase agricultural production, establish a database of plant and limited export ban to curb the rise of food prices. World Bank, while combined with JP

Morgan support for agricultural insurance in developing countries.

FAO's monthly report earlier this month show that global food prices have risen 9 in 11 months and near record high in May this year, as demand for wheat, soybeans exceeds supply and natural disasters raging around. World Bank says has 44 million people into extreme poverty due to soaring food prices.

U.S. Department of Agriculture said the reserves of wheat, used to make pasta, noodles, bread and food for livestock, poultry, expected to fall to its lowest level in three years, 184.26 million tons in the first for 2011/12 in the Northern Hemisphere because the output does not keep up with demand.

Specialist Michael Creed's agricultural bank National Australia Bank Ltd. Well that, world agricultural production is not well meet the needs and the situation will become more serious by the production of biofuels in the U.S. increased and the huge demand for meat in China.

John Bryant, executive director of Battle Creek - a subsidiary of vendor breakfast is the nation's largest Kellogg Co., Then that input costs of all foods inevitable rise after inflation, "unless the government working together to address food security and greater international cooperation."

In the second quarter, the Standard & Poor's GSCI of agricultural goods fell 9.6% - the first quarterly decrease in the third quarter or so. Corn prices down 4.7% in the quarter but still up 92% from a year ago - the best item to increase the number of agricultural products.

According to Bloomberg