Jim Rogers: Buy a Farm in Australia

Jim Rogers : “I’d urge anyone to buy a farm,” “It’s the farmers, the producers who are going to be in the captain’s seat when the prices go through the roof,” Mr Rogers told The Australian Financial Review “The shortages are going to get worse and the prices for land will go higher.” “We have shortages of everything from oil to food and on top of that we have governments printing more money. Put the two together and you have some serious inflation coming down the road,” he said. “Governments will eventually put in place price controls but if you tell someone they can only make so much money he is going to stop producing. The Chinese are seeing this and that’s why they are out looking to buy assets. They are down here [in Australia] trying to buy up more. “I applaud them,” “We don’t have enough farmers or enough capital so if somebody doesn’t buy those farms then we are not going to have any food." He added
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.