Jim Rogers: I Would Urge Anyone To Buy A Farm
Farmland's biggest fan, Jim Rogers, recenlty encouraged everyone to buy a farm in the Syndey Morning Herald.
''I would urge anyone to buy a farm,'' he says. ''Farming has been a horrible business for 30 years, so there's fewer farmers and supply is under duress. At the same time all of Asia is becoming more prosperous, so you have demand going up when supply is under pressure.''
Read more at:
http://www.smh.com.au/business/reserve-earns-praise-but-not-our-politicians-20100518-vc69.html
''I would urge anyone to buy a farm,'' he says. ''Farming has been a horrible business for 30 years, so there's fewer farmers and supply is under duress. At the same time all of Asia is becoming more prosperous, so you have demand going up when supply is under pressure.''
Read more at:
http://www.smh.com.au/business/reserve-earns-praise-but-not-our-politicians-20100518-vc69.html
Right now, farmland is an excellent purchase. Corn yields are at an all-time high and the demand for corn is only going to grow. The demand for ethanol and other related technologies will continue to grow as well. If I had the money, I'd be buying available farmland.
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