How Much Food Prices Will Rise After Midwest USA Floods (Video)

How Much Food Prices Will Rise After Midwest USA Floods Video by Adapt 2030

The biggest floods to hit the USA Midwest crop growing belts since 1993 and 1927, this appears to be the largest event event ever recorded in that area of North America in the last 150 years. Since the trade war with China, more 6.7 billion bushels in storage of the 17 billion bushels total has been lost due to flooding and contamination. Going by 1993 price rises after the flood a jump of 30% at the minimum is forecast. Global grain production down 7% over the last two years and poor conditions in the fields will make refilling the silos difficult at best.


Video Source

Sharing is caring!

Author Image

The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.