2008-01-13

Jim Rogers on Agriculture

Here's Jim in an October 24, 2007 article from Bloomberg:
``The number of hectares devoted to wheat farming has been declining for 30 years, the inventory levels of food are at the lowest level since 1972,'' Rogers said. ``Suppose we start having droughts again. God knows how high the price of agriculture is going to go, so that's where I'm putting more of my money now than in other things.''

He added, ``I think I'm going to make more money in agriculture than I make in precious metals.''

Jim's beaten the drums on agricultural commodities on many occasions. One way to play agricultural commodities is PowerShares DB Agriculture. It certainly has a nice chart:

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