Comment: kind of late to the party. but still time to start your own

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kind of late to the party. but still time to start your own

I invested in 2003 when nobody wanted farmland and, coincidentally, I'm in escrow to sell this month. I didn't want to sell but prices have already gone up massively on traditional farm land - especially in the US. I would hold, as I never intended to sell because I love the land, but I don't want to own something so easy to confiscate in what seems likely to become the most brutal and predatory police state in the history of the world.

Anyway, the meme is OLD now; the hedgies are all over agriculture with infinite amounts of zero interest hot money provided by the Fed and other central banksters to their bankster buddies. And you ain't welcome to drink from that same beer mug. Ag may go higher, but it is hardly the open opportunity Jim Rogers makes it seem to be. Further, I have doubts if Jim Rogers can personally grow anything.

But don't get too discouraged. If you are staying here I believe there are still opportunities on land which is considered too small or too rugged for industrial-scale ag. You can still plant fruit and nut trees on rugged land, or even vegetables -- you just can't automate planting, fertilizing, dosing with toxics, pruning and harvesting without getting out of your John Deere. So I see room for profitable ag on such land if you are creative and not lazy. Besides, I think the future is increasingly local.

I don't believe in 'stocks'. Maybe there are great profits to be made in ag stocks -- but it seems you have to accept the nearly infinite amount of corruption in the markets and go toe to toe with the hedgies and skilled traders such as Rogers. And the stock markets in general do NOT historically do well in police states nor in depressions.

So mostly I want to support the prior poster who suggested you start with "farming" on your front yard. You need a lot of training to do ag in large scale, it is a HIGHLY skilled job in which newbies seldom survive. And if you are going organic/ sustainable it is many times harder harder, at least in terms of developing skills and knowledge (sustainable/ organic ag requires you substitute specialty knowledge and ingenuity for chemicals and tractors).

So, by all means, jump in but be smart about it. If you can't grow on very small scale you aren't likely to succeed on industrial scale. But on small scale the risks are minimal so anyone can be successful if they are willing to work. And if you find you really like the experience you can scale up from there.

Bill of Rights /Amendment X: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

Do you need a politician or judge to "interpret" those 28