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Jim Rogers: Farming Disaster, 'No Food at Any Price'
06-08-2011, 03:07 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Tuesday, 07 Jun 2011 08:48 AM
By Julie Crawshaw

Legendary investor Jim Rogers sees a dismal future for agriculture worldwide. "Farming has been a disaster, and unless something happens very quickly, we're going to have no food at any price in a few years," says Rogers.

“The average age of a farmer in the U.S. is 58 years old,” Rogers says.

“The largest group of suicides in the U.K. is farmers because farming is such a horrible business. Hundreds of thousands of Indian farmers commit suicide every year.”

The UK Independent reports that Oxfam, a leading agency, has warned that millions more people across the world will be locked into a cycle of hunger and food crisis unless governments tackle a "broken" production system which is being exploited by speculators and will cause a doubling in basic foodstuff prices in the next 20 years.

Meanwhile, Rogers says his money is still on China, even though water is a problem there.

"The only thing you can not recover from is water... China has a horrible water problem in the north. India has the worst water problem, there's no question about that,” Rogers tells the BBC. “If China doesn't solve its water problems then there's no China story."

Rogers says there will be huge setbacks in Asia in the future, but notes that the U.S. suffered through wars, depressions and other trials and still managed to have a great 20th century.

“Why would I take my money out of a place that is having a dip (China) and put it into a bankrupt country (like the U.S. or U.K.)?” Rogers asks.

“And, by the way, I can always sell things short."

http://www.moneynews.com/StreetTalk/JimR...z1OboSUz1t

The guy would buy a death derivative on his mother (probably did) but he's inside the big money circles. (from China rofl.gif )
06-08-2011, 03:35 PM #2
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
ouf, selling your mother short. nothing lower than that. chuckle.gif

Biere.
06-08-2011, 03:41 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(06-08-2011, 03:35 PM)yankees Wrote:  ouf, selling your mother in law short. nothing finer than that. chuckle.gif

Fixed it for you chuckle.gif
06-08-2011, 03:43 PM #4
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
(06-08-2011, 03:41 PM)Shadow Wrote:  
(06-08-2011, 03:35 PM)yankees Wrote:  ouf, selling your mother in law short. nothing finer than that. chuckle.gif

Fixed it for you chuckle.gif

hi5.gifchuckle.gif

Biere.
06-08-2011, 03:43 PM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
When the water wars begin Finland will be the prize of the West. They may need a substantially bigger army in the future.
Quote:Yankees
"selling your mother short. nothing lower than that."
chuckle.gif I hear nothing can be more satisfying than selling your mother-in-law-short though.

wonder.gif
06-08-2011, 03:46 PM #6
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
13.gif
06-08-2011, 04:04 PM #7
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
rofl.gif I've had a really bad day, I may be off the mark a little. lol. So bad I'm going to have to post a thread about it. damned.gif

wonder.gif
06-08-2011, 04:06 PM #8
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
rofl.gif patpat.gif

pop2.gif
06-08-2011, 04:28 PM #9
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
ban.gif

Biere.
06-08-2011, 04:37 PM #10
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
(06-08-2011, 04:28 PM)yankees Wrote:  ban.gif

Ouch! coffeetime.gif 37.gif

wonder.gif
06-08-2011, 04:48 PM #11
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
beerbong.gif

Biere.
06-08-2011, 05:03 PM #12
Octo Mother Superior
Posts:42,976 Threads:1,473 Joined:Feb 2011
time.gifbeerbong.gif
06-08-2011, 05:07 PM #13
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(06-08-2011, 05:03 PM)Octo Wrote:  time.gifbeerbong.gif

iagree.gif time.gif
06-08-2011, 08:40 PM #14
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,393 Threads:1,439 Joined:Feb 2011
chuckle.gif It's the bad day at the hospital thread.

wonder.gif
06-08-2011, 10:00 PM #15
bohica Member
Posts:1,601 Threads:196 Joined:Feb 2011
My prediction of famine
appears to be
realized. The seeds are just in the ground in US. Too late I think.

There's plenty of room for all God's creatures. Right next to the mashed potatoes!



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