High commodity prices and feeding a growing population makes investments in agriculture a safe bet, and one investment guru expects the trend to continue with more people seeking a career on the farm.
Citing higher food prices and a high return on investment, investment guru Jim Rogers expects farming to once again be one of the great areas of the world economy. Rogers will be the keynote speaker at the Global AgInvesting conference, April 23-25 in New York.
"The most promising payback in agriculture is to become a farmer," said Rogers. “Few are rushing out to buy a farm yet; but it will come."
In an interview promoting the conference, Rogers identified the need for more food to feed the world and technology’s growing role in agriculture as reasons to invest in farming. He has been a source for investment advice and financial strategy for decades.
While financial types have been in control, Rogers says history moves in cycles and control will shift back to those who produce real goods.
"Someday it's going to be that America will be producing tens of thousands of agriculture graduates, as we did once upon a time, and there are not going to be many MBAs," said Rogers. "When the huge secular changes come, nobody can conceive of how high prices can go and will go and returns will go."