Thursday, January 24, 2013

Running out of farms around the world

All over the world farms and farmers are a dying breed. We are running out of farms. Young people are going into media, sales, doing anything but agriculture. This will drive agriculture up and will really drive up food prices over the long term.

If you need to buy the farmland, buy in places like Uruguay where prices are still properly priced. Also you want to make sure you buy farmland where it rains.

Jim Rogers

Warren Buffett

Nouriel Roubini