The latest from Jim Rogers, author of A Gift to My Children: A Father's Lessons for Life and Investing and Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.
The average age of farmers in Japan is 66. The average age of farmers in Australia and the UK is 58. The highest rate of suicides in Britain is with farmers.
Nobody wants to farm any more. Yet there are more people than even now. Seven billion of us. What are we going to eat? Every year, the US has something like 225,000 graduates in public relations. I think there’s 20,000 agriculture graduates in the US now. Have you ever tried to eat a press release?
My advice to young people would be to get into agriculture. If you want to make money over the next 20 years, agriculture is the way to go. If you don’t want to be a farmer, buy the Lamborghini dealership or a restaurant in Iowa. Why? Because the farmers in Iowa are going to be very wealthy. And they will be able to afford Lamborghinis. Fewer and fewer people are producing more and more food for more and more of us. That’s only going to get worse over the next 20 or 30 years. So if you’re smart, put your money into anything related to agriculture. – in Gulf News
Related, ELEMENTS Rogers Intl Commodity Index – Agriculture Total (RJA), PowerShares DB Agriculture Fund (DBA), Market Vectors Agribusiness ETF (MOO)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.