October 10, 2013

Jim Rogers: Drop studies in business administration, teaching agriculture

American investor Jim Rogers believes that the financial sector is about to enter into a sustained downturn and therefore advises youth to pursue careers in agriculture rather than in finance , told CNBC.

"If you have young people who do not know what to do , call them not to become masters in business administration, but to graduate in agriculture ," said Rogers.

He is pessimistic about the entire financial sector . "Over the last 30 years in finance was good, but in the previous 30 , and that was not going to happen again," recalls investor . " The financial sector is in decline. In the future, the world will not revolve around finances and about the producers of real goods , "he said.

Recently and economist Robert Shiller has raised concern that " the most powerful and bright " minds do a disservice to the world , heading to the field of finance . In September column in Project Syndicate Professor of Economics at Yale University asked: " Are too many of our most talented people choose a career in finance , and more specifically in the trade speculation and others - alleged to be " unproductive " - activities? " .

In the end, there is a strong argument that the agricultural sector will offer more compelling issues to be addressed .

"We should try to feed the 9 billion people by 2050, with the same number of acres and arable land ," said Timothy Birch , dean agricultural and Manufacturing Engineering at State University of Arkansas. Describing the task as "startling " Birch noted that " opportunities for a person with a degree in agriculture now are great , but they will be absolutely superb as time ."

Rogers calculates the expected growth in the agricultural sector and investment intentions. "Recently watching shares of companies in agriculture ," he said . "I was delighted to see how many things there are to buy ," he added .

In a telephone interview from Singapore on Wednesday again sounded Rogers himself: " I persecuted degree in agriculture will get rich ."

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.