New forecast: 'Mass starvation'

Commodity analyst says crop failure would shock more than $150 oil

A commodities expert has launched a warning that the next major crop failure around the world could be a bigger shock than $150 oil and result in “mass starvation.”

The forecast comes from Chicago-based Don Coxe, a leading agricultural industry expert, in a report in the Commodity Online publication.

“When we have the first serious crop failure, which will happen, we will then have a full-blown food crisis, which we will not be able to get out of because we will still be struggling to catch up (as a result of diminished crop yields),” he told the publication.

He suggested that even could happen this year.

World Net Daily