Investor is Bullish on Agriculture Due To 'Lack of Farmers'
Concerns about interest rates, inflation and regulation could cause some concern about the future of agriculture. While there’s no crystal ball, legendary investor and author Jim Rogers believes continued success is on the horizon, even with diminishing farmer numbers.
Rogers... "Farmers all over the world are dying and retiring. You know, in Japan, there are these farms sitting there empty because there's nobody to farm. Everybody's died. The kids have moved to Tokyo. Nobody wants to be a farmer. And they won't let in farmers come to farm these places. But it's not just Japan. It's happening many places in the world. And throughout history, there have been great cycles in world history. At times, the farmers have been the richest people in the world. Other times. As you know, farmers could barely buy milk. So, as far as I can see, we've had, the world has had a long period where agriculture has not been wildly hot and successful, and that period is changing now. Agriculture is one of the few areas of the world economy that I see that is changing, going from really bad to really good. But agriculture throughout the world, if you ask me, is changing."
Rogers believes that those who remain in agriculture will see prosperity, and this notion is based on historical patterns.