Jim Rogers: 'Be Very Worried' And Buy Agriculture

Legendary investor and commodities expert Jim Rogers doesn’t exactly have sunny predictions for the next few years. Speaking with Yahoo Finance’s Jeff Macke yesterday, the Singapore-based investor warned that recessions are inevitable, and the next few years are going to be rough.
“Every 4-6 years since the beginning of the Republic we’ve had slowdowns in America. You think we’ve abolished recessions? You and the tooth fairy,” said Rogers.
Rogers repeated his bullish predictions for global agriculture, saying that although many segments of the world economy are headed for tough times, agriculture is set for a boom. In May he told Steve Forbes:

There’s going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis. I’m telling you. You should start Forbes Farming.

This week, Rogers extended that bullish prediction to global agriculture, highlighting it as one of the sectors in China that will boom as others go through a hard landing.
“I’m long agriculture more than anything else,” said Rogers, when asked for investment advice in what he sees as a foreboding global economy.

Read more: http://www.forbes.com/sites/chrisbarth/2012/10/18/jim-rogers-be-very-worried-and-buy-agriculture/