The Agriculture Industry Is Doomed: Jim Rogers

ETF Daily News
Jared Cummans: Legendary investor Jim Rogers has long been a fan of agricultural assets and companies along with a number of other hard assets. His hard-nose investing theory has payed off quite handsomely, as his name has become renown around the world and investors hang on his every word. Unfortunately, his words as of late paint a relatively gloomy picture for the overall agriculture industry, as he feels that it will soon fall on hard times [for more agriculture news and analysis subscribe to our free newsletter].
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Droughts aside, the agricultural industry will disappear when people stop eating. Otherwise they will simply ask more for their products as it becomes more scarce. True, the small farmer will not be part of the equation. More people, like me, will start to grow their own food in an attempt to lower their food burden.