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RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

Jim Rogers Is Buying Farmland

Mar 09, 2009

Mike Walsten

Noted commodity bull Jim Rogers is buying farmland. Rogers' 2004 book "Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market" called for a massive run-up of commodity prices the first two decades of this century. Despite the recent setback in commodity prices, he still remains a bull and sees opportunity in owning farmland.

In a recent interview with CNBC, Rogers said: "We're still going to eat, probably; we're still going to wear clothes, probably. Farmers cannot get loans for fertilizers right now. So the supplies of everything are going to continue to be under pressure." Rogers said he is the director of two funds which are buying virgin land in Brazil and existing farms in Canada with the intention of farming the land. "If I'm right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years," he said.

You can see the CNBC interview by clicking here.

If interested in a samply copy of the LandOwner newsletter, just drop me an email at landowner@profarmer.com or call me at 800-772-0023.

 

 

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COMMENTS (3 Comments)

Anonymous
The two farmland funds Jim Rogers is involved with are:

Agcapita Farmland Investment Partnership

Agrifirma
11:21 PM Mar 9th
 
Anonymous
I bought what i could afford last year (less than 200 acres). It is the only asset i know of that will never go to "zero" like some of my stocks (Citigroup etc). I just hope smaller farmers get a break as local food is much healthier than the stuff from overseas. thanks and best wishes all the farmers and future farmers out there. Always enjoy you articles.
9:35 PM Mar 9th
 

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