Skip to main content

Jim Rogers – The Agriculture Industry- a roller coaster ahead

By Jared Cummans

We are seeing no new farmers adding to the agriculture profession. Thus price rise of agricultural products and hence food items is bound to Increase. This will lead to great attraction of youth towards agriculture industry.

Legendary investor Jim Rogers has long been a fan of agricultural assets and companies along with a number of other hard assets. His hard-nose investing theory has payed off quite handsomely, as his name has become renown around the world and investors hang on his every word. Unfortunately, his words as of late paint a relatively gloomy picture for the overall agriculture industry, as he feels that it will soon fall on hard times.

The first thing that Rogers points out, and has been pointing out for quite some time, is that the world is short-handed when it comes to farmers. "The average age of farmers in America is 58-years old. In Japan, the average age is 66. In Australia, it's 58. Hundreds of thousands of Indian farmers commit suicide every year. It's a disastrous business. In the U.K., the highest rate of suicide is in agriculture. It's been a horrible business for 30 years. Prices have to go up – have go to up a lot – or we're not going to have any food at any price" Rogers stated earlier in 2012.

The recent U.S. drought brought his comments back into the limelight as he pointed out that while this drought was very serious in nature, it is only the surface of much deeper-seeded issues that will need to be dealt with soon. As it currently stands, the agriculture industry is doomed unless something changes. Rogers feels that if more people do not turn to farming, prices will simply skyrocket and eventually hurt the consumers. It seems like spiking prices may be the only way to way to entice more people into farming, as Rogers has also noted on several occasions, more people study public relations in the U.S. than go into farming.

Source: Jim Rogers The Agriculture Industry Is Doomed

Comments

Post a Comment

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may ...
9 comments
Read more

Great places to eat in Lucknow

  1. Idris Hotel Located Opposite Patanala Police Station, Chowk-  Officially the best biryani in all of Lucknow . They have the softest meat and the most divine aroma when the waiter brings the biryani to you! "Idris ki Biryani" as it is popularly known.. Here Is The Man Behind Creating This Magical Biryani-the son of Idris ji Source: yummraj.com 2. Tunday Kababi Located in Naaz Cinema Road, this legendary place has the best  mutton korma with sheermal-  the gravy is so rich in flavors, you want to just take an eternity while eating every bite! Source:  www.the-south-asian.com 3. Royal Cafe Located in  51, Hazratganj- This place is famous for it's basket chat.  Aloo tikki, dahi bara, matar kulcha are some of the dishes one must certainly try and  they are hygienic as well . ( they seve gol gappas made wit mineral water) Source: coralswithblues.com 4. Kool Break Located in 17...
1 comment
Read more

Foreing exchange reserves of countries and what percent of the amount is in Gold holdings

Countries which have become stronger economically have not accumulated gold till recently but now as European nations are selling gold, they are buying it and making their position strong. Foreing exchange reserves of countries and what percent of the amount is in Gold holdings . courtesy Peter Schiff's speech: Cyprus 1.1 billlion 58% Greece 7.1 billion 82% Portugal  22 billion 90% in Gold Spain 50 billion 30% in Gold Italy 175 billion 72% in Gold France 179 billion  71% in Gold Slovakia 2.5 billion  68% in Gold Netherland 53 billion 60% in Gold Belgium 30 billion  39% in Gold China 3.3 trillion 2% in Gold Japan 1.25 trillion 3% in Gold Saudi 627 billion  3% in Gold Russia 527 billion  9% in Gold Swit 522 billion 11% in Gold Taiwan 423  billion 6% in Gold Brazil 373billion  0.5% in Gold South korea 327 billion 1% in Gold Hong kong 304 billion  0% in Gold India 290 billion 10% in Gold Singapore 259...
1 comment
Read more