Jim Rogers : The Droughts less of a Problem for Agriculture than the Shortage of Farmers

Jim Rogers : Nearly every year, the world always has a problem somewhere with weather or something, since the beginning of time, and I suspect we will continue to. The problem now is it’s going to be more and more difficult to recover because of two things. One, we’ve consumed more than we’ve produced nearly every year over the last decade, so inventories are very low. But more importantly, we’re running out of farmers. The average age of farmers in America is 58. More people study public relations than study agriculture. We don’t have anybody going into agriculture. Something’s got to happen, such as much higher prices, or we’re not going to have any food at any price… We’ve got to do something to get farmers back into the field.We produce 200,000 MBAs in the U.S. every year. Some human being has to go into the field. Yeah, things are more automated, but still, somebody has got to get his hands dirty. - in the fiscal times interview
 
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%.