The financial crisis is likely to lead to food shortages in a few years because the agriculture sector is in dire need of funds, legendary investor Jim Rogers told CNBC Friday.

“The fundamentals (for agriculture) have gotten better,” he said. “The inventories are now at the lowest they’ve been in decades, not in years.”

“Sometimes in the next few years we’re going to have very serious shortages of food everywhere in the world and prices are going to go through the roof.”

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