I think RNO is of the opinion that there would already have been shortages with the floods this past spring that prevented a lot of planting, What did get planted was late, and is not ready yet. And now here comes early snow. Yes, I would say it is a fair bet there will be agricultural shortages.
More worrisome is a pronouncement I have heard from several ‘economic historians’ that goes:
“What turns a recession into a full blown depression is famine.”
Looks like we have all the ingredients for a nasty fall.