Monday, October 28, 2013

Agriculture inventories are near historic lows

Agriculture is not a glamorous field and it makes sense that young people are more attracted to working in other fields such as Management or Marketing.

Here is an article Mr Jim Rogers who has been bullish on agriculture for a while. See below.

"I think agriculture is going to be one of the best investments over the next few decades. The world has consumed more than it has produced for much of the last decade, so inventories are near historic lows. The average farmer is 58 in the U.S. and Australia, 66 in Japan. Old farmers are dying or retiring, and young people aren't going into agriculture. Young Americans go into PR, not agriculture. Prices have to go much higher to attract labor, management, capital or we're not going to have enough food in the long run."

Via -

Jim Rogers

Warren Buffett

Nouriel Roubini