Jim Rogers : We are going to have serious Food Shortages, not just in America but in the World

 Jim Rogers : "We're going to have serious food shortages, not just in America but in the world,"
 "When I speak to universities and students, I tell them all they should be studying agriculture. The farmers are going to be driving Lamborghinis. ... There are a few parts of the world economy that are going to boom over the next few years -- agriculture is one of them. It's not going to be all disaster."

Rogers is also bullish on commodities, saying central banks' easing efforts will support hard assets. He particularly likes precious metals such as gold and silver. In 2011, Rogers said: "In 1987, stocks went down 40% to 80%. But now you don't even remember 1987 -- it looks like a blip if you look at it. That's what's going to be happening with silver and gold." - in streetauthority

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%.

We are going to have serious Food Shortages, not just in America but in the World

Jim Rogers : "Don't go putting your money into some hot tips you hear from a guy on radio or TV. Certainly don't listen to the government telling you what to do,""We're going to have serious food shortages, not just in America but in the world," said Rogers. "When I speak to universities and students, I tell them all they should be studying agriculture. They don't want to do it. They all want to get MBAs." "Soon, stockbrokers will be driving taxis, while the farmers are driving Lamborghinis," - in moneymorning


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%.

We will face Food Shortages

Jim Rogers : I also bought a lot of agricultural commodities. Their prices are still low. For example, the price of sugar fell 17% from 1974 to the present. Agricultural development is lagging. We lack the farmers and arable land because of agricultural depression. If this trend continues, we will face food shortages. Therefore, agricultural commodity prices must rise to attract capital and qualified people. Now the trend of investing in agriculture has already started, so not only I can foresee more and more farmers will become rich, but also I know that agricultural commodity prices will rise in the long-term. If the world economy improves in 2012, commodity prices will rise and I will make money. If there is an economic downturn, currencies will depreciate a lot, and commodity prices will also rise because people will hedge against the depreciation. .- in Shanghai’s First Financial Daily 



 
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%.