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Jim Rogers Suggests Giving Up Finance For Farming

While there are many people who work on Wall Street for reasons that have nothing to do with money (trading gives them a thrill, they enjoy analyzing companies, they love the hours, it’s what they believe they were put on this earth to do, etc), there exists at least a handful of individuals who got into this whole thing for one reason and one reason only: the cash. To those people and more, investor Jim Rogers has some advice: become a farmer. Perhaps you’re a first, second or third year investment banking analyst whose timing (re: when you graduated college but also dating back to when you were conceived) could not have been worse, for whom the year 2006 and the associated bonuses are but a dream. Perhaps you’re a seasoned veteran making great money who’s wanted to try something new but couldn’t think of an industry that could beat your current pay. Perhaps you’re employed by a hedge fund whose performance YTD is not inspiring confidence in this year’s bonus. Perhaps you’re a banker who wants to be compensated in cash and not company stock paid out over 14 years. Doesn’t matter if you’ve never done manual labor in your life, if you don’t know the first thing about milking anything, if you’re emotionally scarred from the one time you rode a tractor. If you wanna make some real money, start working your contacts on the farm.

If you want to become rich, Jim Rogers, investment whiz, best-selling author and one of Wall Street’s towering personalities, has this advice: Become a farmer. Food prices have been high recently. Some have questioned how long that can continue. Not Rogers. He predicts that farming incomes will rise dramatically in the next few decades, faster than those in most other industries — even Wall Street…But in the past few years, thanks to a wealthier (and hungrier) emerging-market middle class and a boom in biofuels, the business of growing has once again become a growth business. At a time when the overall economy is limping along at an anemic growth rate of 1.9%, net farm income was up 27% last year and is expected to jump another 20% in 2011.

You could go from hunting the next great short to hunting the bug that is fucking your wheat crop this year and still make it rain on pay day. Just something to think about.

Want To Make More Than A Banker? Become A Farmer [Time]

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98 Responses to “Jim Rogers Suggests Giving Up Finance For Farming”

  1. Guest says:

    Anyone have first year farmer bonus numbers?

    • trojan says:

      hey rogers, want a jolly rancher?

    • Guest says:

      Well I live in Arkansas. That’s right…. However, with farm land going for $4,000 an acre (doubled in the past few years) and with an expected net return per acre THIS year on say corn is only $30 with no debt service for land purchasing – of course that is assuming it rains but doesn’t flood and wild hogs don’t eat everything. It will be tough to find a 1st year farmer making a bonus considering that won’t even begin to cash flow.

       Bottom line us hicks down here are voting it’s a bubble and selling our ground to the wanna be carpet baggers as fast as we can.

    • Guest says:

      Over 9000.

      Seeds, that is.

  2. Guest says:

    one time your road a tractor.

  3. Adventure Capitalism says:

    Commodity prices go up. Production increases to meet demand. Production overshoots and floods the market. Prices go back down. Its been that way for a long time Jim.

    • AssBurgher says:

      I suspect that Rogers has zero experience farming and has hands like a woman.

    • spectator says:

      … and how come this doesn’t apply to financial assets?  Is it because wall street is so careful about limiting production?

  4. Anon says:

    Jim Rogers is pretty cool guy. Eh likes bowties and doesnt afraid of anything

  5. Guy who is just wondering says:

    Um Jim…..
    Couldn’t I just keep my Wall street job and buy a piece of a farm or an entire farm and pay someone to run it for me thereby earning two incomes?

  6. Anonymous says:

    Green acres is the place for me. Farm livin’ is the life for me. Land spreadin’ out so far and wide Keep Manhattan, just give me that countryside.
    New York is where I’d rather stay. I get allergic smelling hay. I just adore a penthouse view. Dah-ling I love you but give me Park Avenue.
    …The chores. …The stores. …Fresh air. …Times Square
    You are my wife. Good bye, city life. Green Acres we are there.

  7. Gentleman Trader says:

    I harvest management fees, same dif…

  8. Anonymous says:

    If the Lightsquared thing doesn’t turn out right, …Wilbur would give the Falcone’s a leg up on getting the farm going

  9. darf says:

    Ask farmers in TX how wonderfully things are going for them

  10. Anonymous says:

    +10 for the tags, Bess.

  11. Anonymous says:

    Time to trade in the civic for a John Deere!!!  Now I might be able to expand my diet to more than just ramen and bread.

    – UBS analyst in Stamford

    • Guest says:

      that would be a lawn tractor in your case – and don’t forget to trim the hedges

  12. portagent says:

    Jim- Why wont this stupid cow cooperate with me and let me milk her ?
    Cowpoke- Sir don’t bother that one.
    Jim- Really, I pull and pull and nothing comes out.
    Cowpoke- Mr Jim let go of his testicles he’s getting angry
     

  13. BiggieBiggs says:

    Thanks Jim, your a genius. Maybe you should right a book about why mid-size farms are the best long–term asset to own during times of great unrest, BECAUSE I DID, AND IT’s CALLED WEALTH WAR AND WISDOM AND IT TOOK ME YEARS OF RESEARCH. Do your own work for once. 

    • BiggieBiggs says:

      You got me so fucking worked up, I can’t even spell – it’s you’re and write – fucking autocorrect app. 

      • Guest says:

        That’s one section 8 “autocorrect app” you got there if it changed “write” to “right” on ya…  Just sayin’.

    • Anonymous says:

      How do you right a book? Does it make a difference if your standing starboard or port?

      • High Plants says:

        If you want to make the news, you have to “wrong a book”.
        -Pastor Terry Jones

  14. High Plants says:

    We can sell you plenty of growing equipment.  Did we mention it’s mobile?
    -Peterson’s Grow-Op Tech

  15. Brotherman says:

    There is just something so wrong in every way when a woman says or writes ‘f#%k’ in any forum or circumstance.

  16. Anonymous says:

    Trudging through cow shit while checking up on your corn harvest is the NKI.

  17. Guest says:

    Few people care to hear you anymore, you has been. Why don’t you go drive your lame yellow Mercedes through Northern Pakistan? The book will be called: “Decapitated Capitalist: I Finally Shut the Fuck Up.”

  18. FB Farmer says:

    Does Farmville count?

  19. Ala243 says:

    was there any corn identified in the deucage?

  20. So..um..why is Mr. Rogers not foregoing his wall street punditry and getting into farming?

  21. BKE says:

    You are probably better off buying farmland and renting it to the experts.  Forget the farming part if you have never done it.  The guys who struck gold in California didn’t make the fortune.  It was the guys who supplied the credit, tools, and dry goods that made the fortune.

  22. Jamie Cooper says:

    Jim is right, I am working on this myself. Though not in the US. Big farma has too much control. They have bribed the Government to create regulations that will put the small farms out of business as they cannot afford to comply. My goal is to produce raw milk, free range eggs, organic vegetables, no Monsanto GMO.

    Food inflation is close to 20% at the moment, so things will get better over time.

    Sustainable farming is possible, I hope I live long enough.

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  81. To those people and more, investor Jim Rogers has some advice: become a farmer.

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