Jim Rogers Busy Turning Raw Land Into Farmland in Brazil

by Dave

Recession or no recession there are no holidays or time-offs for eating…
As Indians get richer, more of them will eat higher quality food – and about few hundred million will step up from 1/2 to 3 meals a day. Brazil is one of the few places where massive areas of land can be brought under cultivation
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what we’re doing is buying land in Brazil, and the other one is buying land in Canada, and we’re starting to farm it. In Brazil, greenfield, in Canada, existing farms, because if I’m right, agriculture is going to be one of the great industries of the next 20 years or so, 30 years

What we’re doing, because we see a good future for agriculture, we’re buying some of the land, and fertilizing it, and irrigating it, and turning it into farmland— raw land into farm land— clearing it, which we will farm and hopefully make a lot of money from farming it. And then some day, we’ll probably sell the farms— that’s the plan.

“We’re still going to eat probably. We’re still going to wear clothes probably. You know nobody – Farmers cannot get loans for fertilizer right now. So the supply of everything is going to continue under pressure. Uh the inventories of food are the lowest they’ve been in 50 years. We have serious supply problems developing for many mining goods, oil, agriculture. So even if demand goes flat or down as it did in the 30s as it did in the 70s you can still have a nice market.”

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