Good News for Farmers

Maria Bartiromo interviewed financial wiz Jim Rogers for the March 9 issue of BusinessWeek. It was a lively interview. 

  • Rogers says of Tim Geithner and Larry Summers: “These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.”
  • He’s against bailouts, contending that companies–whether banks or car companies–should be allowed to go bankrupt. 

But he ended with these comments about agriculture, which I found quite interesting.

“I really think agriculture is going to be the best place to be. Agriculture’s been a horrible business for 30 years. For decades, the money shufflers, the paper shufflers, have been the captains of the universe. That is now changing. The people who produce real things [will be on top]. 

“You’re going to see stockbrokers driving taxis. The smart ones will learn to drive tractors, because they’ll be working for the farmers. It’s going to be the 29-year-old farmers who have the Lamborghinis. So you should find yourself a nice farmer and hook up with him or her, because that’s where the money’s going to be in the next couple of decades.”

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