Jim Rogers See More Regulations, Agriculture Opportunities
Jim Rogers, CEO and chairman at Rogers Holdings, said he expected regulation and taxes to increase and mentioned several ways to profit from agriculture.
Rogers told CNBC's Closing Bell that many people are having to liquidate positions in commodities because of the increased regulatory attention.
“We — the financial types — are getting blamed for all the world’s problems," he said. "There are going to be more regulations, more controls, more taxes."
“I know that a lot of people are having to liquidate positions because now the banks’ examiners are all over these banks especially JPMorgan so they’re trying to take off as many positions as they can so that the regulators don’t put them out of business,” he added.
Rogers mentioned several ways that investors could profit from agriculture including speculating on land, leasing out farmland and selling land.