Jim Rogers : Agriculture is facing some very serious problems whether the world economy slows or not because we have shortages of everything. The inventories are very low. We even have shortages of farmers developing in many countries. The average age of farmers in America is 58, likewise Australia. In Japan, it is 66. You have hundreds of thousands of Indian farmers committing suicide. It has been such a terrible business. Higher suicide rate of any profession in the UK is in agriculture.
So farming has got serious problems facing it. We are going to see much much higher prices over the next decade. So I would buy agriculture soon. The others, I am more watching the world economy and the world markets before I step in. - in ET Now
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Being a grain farmer with many thousands of acres and decades of experience I agree that it has been an extremely terrible business for almost 40 years. Only extreme sacrifice, willingness to take financial risk and hard work has kept us in the business. Although the last 2 years have been much better the stress has taken its toll and going forward seems almost unbearable. We are one of the few farms with even the chance of continuing in our area. Even with better than average yields our income is still not enough to justify our risks. High grain prices are still only a myth!! Canadian wheat farmer
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