Rogers says, if you are going to keep assets in the U.S., farmland is the best option. "Farmland is a great way to preserve your wealth and increase your wealth, if you can stay with it." Even with farmland sales topping $20,000 per acre, he doesn’t believe the market is in a bubble. But, you won't see him at Midwestern land auctions dropping that kind of cash. Instead, he says there are greater profits to be made buying land in other parts of the world, such as Paraguay, Africa and other developing nations. "Percentage gains will be higher in other countries than the U.S., he says. Rogers says if the U.S. continues to have large debt issues, which is likely, agriculture will become more and important. "When a currency declines, the people who have real assets are the ones that make money. If the dollar collapses, one of the few ways you’ll be able to reserve you wealth, and even make money, is through productive farmland." - in agweb
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%.
