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peaceandlove · 03-06-2009, 07:18 PM

I wonder if he is being prompted by the nationalization also.

Jim Rogers Buys Land, Starts Farming

By: CNBC.com | 03 Mar 2009 | 05:35 AM ET

Commodities are still the best play for the long term, legendary investor Jim Rogers told CNBC, confessing that he has been buying farmland himself.

"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 greenfield land in Brazil and existing farms in Canada and starting to farm it. The funds are clearing the land, fertilizing it, irrigating it and hiring farmers and, Rogers said, some day will probably sell the land but that is a remote prospect.

"If I'm right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years."

Video and Text continues: http://www.cnbc.com/id/29477080

03-06-2009, 07:18 PM	#3
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Jim Rogers Buys Land, Starts Farming I wonder if he is being prompted by the nationalization also. Jim Rogers Buys Land, Starts Farming By: CNBC.com \| 03 Mar 2009 \| 05:35 AM ET Commodities are still the best play for the long term, legendary investor Jim Rogers told CNBC, confessing that he has been buying farmland himself. "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 greenfield land in Brazil and existing farms in Canada and starting to farm it. The funds are clearing the land, fertilizing it, irrigating it and hiring farmers and, Rogers said, some day will probably sell the land but that is a remote prospect. "If I'm right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years." Video and Text continues: http://www.cnbc.com/id/29477080 Last edited by peaceandlove; 03-06-2009 at 07:22 PM.