- Greek Cabinet Approves EU, IMF Bailout Bill
- We're Not Greece: Italian Prime Minister Monti
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- New York Fashion Week Fall 2012
- NetNet: Why Saving Greece Could Destroy the World
- My Funny Valentine: When Love and the Fed Collide
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- Greek Debt Saga Back on Center Stage for Markets
- Special Feature: Wall Street History - How Wall Street Got Its Name
- Obama to Project $901 Billion Budget Deficit in 2013
- Private Homebuilders: Dead Men Walking
- To Play Senate Cybersecurity Bill, Cramer Likes Fortinet Stock
- Consumer Sentiment Falters, Despite Job Growth
- Should Zuckerberg Get Capital Gains Treatment for His Facebook Stock?
- We're Not Greece: Italian Prime Minister Monti
- Mad Money, February 10, 2012
MOST POPULAR
HOT ON FACEBOOK
Jim Rogers Buys Land, Starts Farming
Text Size 
Commodities are still the best play for the long term, legendary investor Jim Rogers told CNBC, confessing that he has been buying farmland himself.
"We're still going to eat, probably; we're still going to wear clothes, probably. Farmers cannot get loans for fertilizers right now. So the supplies of everything are going to continue to be under pressure," Rogers said.
He is the director of two funds which are buying greenfield land in Brazil and existing farms in Canada and starting to farm it. The funds are clearing the land, fertilizing it, irrigating it and hiring farmers and, Rogers said, some day will probably sell the land but that is a remote prospect.
"If I'm right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years."
Food inventories are at their lowest in 50 years, Rogers said, while the oil and mining sectors are also good bets.
"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," he told CNBC.
Despite the recent rally, gold is still a good opportunity if investors choose the right time and way to get in, according to Rogers.
"I own some gold, of course I own some gold. If gold goes down, I'll buy more," he said. "The IMF is trying to sell their gold and if they do then they'll drive the price of gold down a lot. If they do … that'll be the last opportunity to buy gold in a long, long time."
"You can buy coins, you can buy the real stuff, you can buy ETFs and ETNs on the exchanges, you can buy mining companies if you know what you're doing…," he added.
Earlier this year, Rogers said he liked the Swiss franc and the yen but gave up the Swiss currency. "I stopped buying the Swiss franc when the Swiss (central) bank bailed out UBS. I still hold the yen."
Asked whether the current collapse in commodities prices worries him, he said: "You're supposed to buy when they're collapsing. I expect to own commodities for years, for a long time."
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
