The current investment landscape may be riddled with uncertainty, but legendary global investor Jim Rogers believes that shortages in the agriculture sector are coming. The chairman of Singapore-based “Rogers Holdings” anticipates gains in the sector for years to come.
“If I were buying anything I would be buying agricultural commodities,” Rogers, who made his billions trading commodities like corn and soybeans and is investing heavily in farmland (Rogers began buying farmland blocks for both his personal and fund accounts several years ago) told CNBC in an interview Thursday.
“Going forward we’re going to have huge shortages of everything, including farmers. I think agriculture will be a great place for the next 10-20 years,” Rogers said.
Against a backdrop of tightening supply, Rogers’ case for investing in agriculture could be a sound long-term strategy. The world’s population is expected to grow from 6.7 billion today to 9.1 billion by 2050.
Rogers, who is credited with predicting the start of the global commodities rally in 1999, says he’d play the sector with commodities futures or ETFs that track them.
Here is more from Rogers’ CNBC interview
