Friday, March 13, 2009

The New Economic Frontier--Your Farm

Jim Rogers Is Buying Farmland

New York--Noted commodity trader Jim Rogers says farming is the most stable recession investment today. In fact the bull market trader is buying farmland.

Despite a dip in commodity prices, he thinks farming is bullish and says smart investors are buying farm land. In fact Rogers is buying up all the farmland he can in Canada and Brazil.

Rogers told CNBC: "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 says laid off financial paper-pushers would be served finding jobs on farms. "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.

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