Thursday, March 5, 2009
Agriculture: The New Black
I found solace and humor in Maria Bartiromo’s interview with Jim Rogers in the March 9th edition of BusinessWeek (http://www.businessweek.com/magazine/content/09_10/b4122017811535.htm.) Jim Rogers is the famed author, adventurer, and creator of the Rogers International Commodities Index who has made millions investing in commodities. According to Rogers, “Agriculture’s been a horrible business for thirty years, but agriculture is going to be the best place to be.” I’m hoping that Rogers’ prediction is accurate, “That’s where the money’s going to be (Agriculture) in the next couple of decades.” Maybe at cocktail parties, conversations will turn from talking about stocks and housing (I doubt that because everyone will discuss how much they've lost) to talking about The New Black: Agriculture. And if we've have had too much to drink, we will call a taxi, which our former stockbroker will be driving unless they were smart and according to Rogers they will learn to drive tractors, "Because they'll be working for farmers."
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