April 03, 2012

Jim Rogers: We are out of farmers

According to legendary Jim Rogers, the world is out of farmers as nobody wants to do this business anymore. He points out that the average age of farmers in Japan is 66 years. The average age in Australia and United Kingdowm is 58. He states also that the highest rate of suicides in UK is among farmers. He is worried that nobody wants to farm but the population is growing every day. People will always need to eat and we need more farmers. Every year in USA about 220,000 students’s graduated in public relations while only 20,000 graduated in agriculture. He asks, “Have you ever tried to eat a press release?”

He believes that the fundamentals are in place to a much higher commodity prices and believes farming business to be the best one. As our readers know, Jim is significantly invested in commodities and precious metals.

Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.