Jim Rogers Sees Much Higher Food Prices

Jim Rogers reacts to the spike in wheat prices by saying that food prices are going to get much more expensive
“That’s the straw that broke the camel’s back,” Rogers, who has been warning about shortages coming in the agriculture sector for a while, said in a telephone interview with CNBC early this month "We're going to have much, much higher prices over the next few years," Jim Rogers added "Be prepared, if you have a sugar bowl home go fill it up because it's going to be more expensive,""Prices aren't high enough and most people don't believe it," he said. "Unless prices are high you're not going to attract people in the business. Eventually people will go into farming again but it's going to take a while."
via CNBC.com