Tags: Rogers | bullish | agricultural | commodities

Jim Rogers I’m Optimistic About Agriculture

By Dan Weil   |   Friday, 30 Dec 2011 07:48 AM

International investor Jim Rogers has been bullish on agricultural commodities for years, and he’s sticking to that view.

“If I were buying anything, I’d be buying agricultural commodities,” Rogers tells CNBC. “Going forward we’re going to have huge shortages of everything, including farmers. I think ag will be a great place for the next 10-20 years.”

The PowerShares DB Agriculture Fund, an exchange-traded fund made up of agricultural commodities, has dropped 11 percent this year. But Rogers is undeterred.

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He expects global economic woes to continue. If he’s wrong, “I’ll make money in commodities because [increased demand will generate] shortages,” Rogers says.

Jim Rogers
(Getty Images photo)
“But if the world doesn’t get better, then governments print money, and the way to protect against that is to own real assets.”

To be sure, when it comes to gold, he’s not ready to buy yet. After 11 years of gains, the precious metal is due for a correction, Rogers says.

“It would not surprise me to see gold go to $1,200, but if it goes that low, I’d buy a lot more.” Gold recently traded at $1,540 an ounce.

Rogers recommends buying commodities themselves rather than commodity-related stocks, because of the difficulties of stock picking.

But other experts see it differently. They say stocks have a better chance of rising over the long term. And many commodity-related stocks offer a dividend, while commodities themselves don’t.

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International investor Jim Rogers has been bullish on agricultural commodities for years, and he s sticking to that view. If I were buying anything, I d be buying agricultural commodities, Rogers tells CNBC. Going forward we re going to have huge shortages of...

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