Jim Rogers : We are running out of Farmers

Jim Rogers : "Agriculture has been such a disaster for 30 years that we are running out of farmers," he said. "The average age of farmers in America is 58. In Japan, it's 66. I could go on and on. The demographics [for those hoping for lower food prices over time] are terrible. At the same time, nobody's going [into farming] - no young people. In America, more people study public relations than study agriculture. So the old ones are dying and retiring, and no young [replacement farmers] are coming in." - in commodityonline


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%.