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mattduke
Light Sweet Crude
Joined: Oct 28, 2005
Posts: 1362
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 Posted: Thu Feb 28, 2008 11:18 pm Post subject: Jim Rogers: Agricultural Commodities to `Explode' |
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| Quote: | ``If I told you how bullish I am about agriculture, you'd ask me to leave the room. Prices of agricultural commodities are going to explode. Inventories of food are the lowest they've been in over 40 years. The number of hectares devoted to wheat farming has been declining for over 30 years.''
``All of you should get all the sugar you can. The price of sugar is going to explode.'' |
Maybe Jim wants you to buy his ETF product. Then again, Jim has left the United States.
bloomberg |
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billg
Intermediate Crude
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Joined: Sep 17, 2006
Posts: 633
Location: No man's land
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| Posted: Thu Feb 28, 2008 11:40 pm Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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It definitely rubs me the wrong way when I hear about how people want to cash in on what is going to cause of lot of distress for a lot of people.
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"It is no measure of health to be deemed sane in an insane society" J. Krishnamurti
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Kristen
Heavy Crude
Joined: Jul 17, 2006
Posts: 255
Location: Minneapolis, Minnesota
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| Posted: Fri Feb 29, 2008 12:25 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| What is convincing isn't necessarily true; merely convincing. |
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Gandalf_the_White
Intermediate Crude
Joined: Nov 21, 2007
Posts: 511
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| Posted: Fri Feb 29, 2008 12:28 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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Lets see how many links of hydrocarbon bubble yum are in the food chain.
Base supply going up because of flat supply growth and increasing demand - check
Refinery Costs going up because of poorer grades of oil - check
Cost to manufacture fertilizer increasing - check
Cost of diesel fuel for tractors increasing - check
Cost of everything everywhere increasing -check
Risk premium going through the roof - check
Opportunistic options trading at all time high - check
Dilbert cartoons grossly misunderstood by big fat middle of American corporate life - check
Elite planning massive crack-down as economy drifts quietly through the waste water treatment plant - check
Roger Clemens to be found responsible for all the ills of America - check
Every important element has been accounted for. You are ready for your first major economic wake up call in over thirty years. Here's to Texas! Where 'stagflation' is a steak so thick you need a chainsaw and an open ended commitment to an oil war just to tackle the grisle.
Heaven taunts you now, and hell awaits. Eat drink and be merry!
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I return to you now at the turning of the tide. |
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Nano
Heavy Crude
Joined: Jan 16, 2005
Posts: 318
Location: Delft, Netherlands
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| Posted: Fri Feb 29, 2008 5:12 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| billg wrote: | | It definitely rubs me the wrong way when I hear about how people want to cash in on what is going to cause of lot of distress for a lot of people. |
That's how the world works and you better get used to it. Either that or be prepared to accept nothing but the scrapings from the bottom of the pot. If you want to prosper you have to get down and dirty with the rest of us.
A good solution IMHO is to work hard and uncompromising in pursuit of material gain and family life until your offspring is independent, and after that renounce material activities altogether in order to purify your existence. That's how I plan to do it anyway.
BTW, I read some of Krishnamurti's books, and I particularly liked "The First and Last Freedom". |
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Heineken
Expert
Joined: Sep 14, 2004
Posts: 6466
Location: Rural Virginia
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| Posted: Fri Feb 29, 2008 7:15 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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Anyone priced a 1 x 8 x 8 oak board at Home Depot lately?
You'd think you were buying a slab of silver.
INCREDIBLE.
Glad I got wood.
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"Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
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billg
Intermediate Crude
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Joined: Sep 17, 2006
Posts: 633
Location: No man's land
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| Posted: Fri Feb 29, 2008 7:45 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| Nano wrote: | | billg wrote: | | It definitely rubs me the wrong way when I hear about how people want to cash in on what is going to cause of lot of distress for a lot of people. |
That's how the world works and you better get used to it. Either that or be prepared to accept nothing but the scrapings from the bottom of the pot. If you want to prosper you have to get down and dirty with the rest of us. |
Profiting for the sake of profit is a dead end that has led us into this financial and environmental quagmire. It makes little differerence how much one prospers if it comes at the expense of destroying the ecosystems that support you.
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"It is no measure of health to be deemed sane in an insane society" J. Krishnamurti
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Fishman
Intermediate Crude
Joined: Aug 11, 2005
Posts: 722
Location: Eastern NC
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| Posted: Fri Feb 29, 2008 9:25 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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Billg
You must live off the public trough. The only way to generate the money and yes capital to feed those folks and yes you (unless you are self sufficient and completely sustainable) is the mentioned manner. Please show me another system that has been shown to work. No Cuba does not count, gets lots from others. You must be advocating for mass extermination, only other way to supply the food to those out there. |
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FoolYap
Heavy Crude
Joined: Sep 04, 2005
Posts: 393
Location: central MA, USA
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| Posted: Fri Feb 29, 2008 9:58 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| billg wrote: | | Profiting for the sake of profit is a dead end that has led us into this financial and environmental quagmire. It makes little differerence how much one prospers if it comes at the expense of destroying the ecosystems that support you. |
You seem to be arguing that agricultural commodities as a whole are, insofar as investing in them goes, akin to "sin products" like alcohol or tobacco or clearcut rainforest hardwoods?
I think that's a bit of a stretch, for the simple reason that most of the places in the US where corn or soy beans or wheat are grown have been growing those crops for decades. What original prairie ecosystems there might have been where those fields are now, have long since vanished.
As for excess fertilizer runoffs damaging aquifers, I expect that problem to vanish as fertilizer prices continue to rise. 
What would you suggest that one invest in, if not commodities like food?
--Steve |
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MrBill
Expert
Joined: Sep 15, 2005
Posts: 5394
Location: Eurasia
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| Posted: Fri Feb 29, 2008 10:54 am Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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If you are true altruist I would suggest buying assets like housing that are falling at inflated prices to help the seller out.
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The organized state is a wonderful invention whereby everyone can live at someone else's expense. |
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billg
Intermediate Crude
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Joined: Sep 17, 2006
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Location: No man's land
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| Posted: Fri Feb 29, 2008 12:24 pm Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| Fishman wrote: | Billg
You must live off the public trough. The only way to generate the money and yes capital to feed those folks and yes you (unless you are self sufficient and completely sustainable) is the mentioned manner. |
Don't know what you are talking about...we are on a different wavelength entirely. I don't believe that greed can be transmuted into public benefit.
Foolyap wrote:
| Quote: | | You seem to be arguing that agricultural commodities as a whole are, insofar as investing in them goes, akin to "sin products" like alcohol or tobacco or clearcut rainforest hardwoods? |
Actually, I'm referring more to the greed factor, not as much to agricultural commodities. That's another discussion.
Mr. Bill wrote:
| Quote: | | If you are true altruist I would suggest buying assets like housing that are falling at inflated prices to help the seller out. |
The best kind of altruism would to throw all that hard-earned money in the fire pit.
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"It is no measure of health to be deemed sane in an insane society" J. Krishnamurti
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cube
Fusion
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Joined: Mar 12, 2005
Posts: 3573
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| Posted: Fri Feb 29, 2008 12:37 pm Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| billg wrote: | | It definitely rubs me the wrong way when I hear about how people want to cash in on what is going to cause of lot of distress for a lot of people. |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4353
Location: The Great Sonoran Desert
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| Posted: Fri Feb 29, 2008 12:39 pm Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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DBC 2010 Calls baby!!!!
Let the bull run!!!!
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"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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FoolYap
Heavy Crude
Joined: Sep 04, 2005
Posts: 393
Location: central MA, USA
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| Posted: Fri Feb 29, 2008 1:08 pm Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| billg wrote: | | Actually, I'm referring more to the greed factor, not as much to agricultural commodities. That's another discussion. |
Ah. Well, the topic of the thread is "Agricultural Commodities to 'Explode'", so one assumes. 
I'm invested in ag commodities, to try to earn enough to be able to retire some day. Not to mention, try to stay ahead of inflation. If ag commodities are rising in price, I'll invest in them. That's not greed, is it?
--Steve |
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mattduke
Light Sweet Crude
Joined: Oct 28, 2005
Posts: 1362
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| Posted: Fri Feb 29, 2008 1:30 pm Post subject: Re: Jim Rogers: Agricultural Commodities to `Explode' |
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| billg wrote: | | It definitely rubs me the wrong way when I hear about how people want to cash in on what is going to cause of lot of distress for a lot of people. |
My god billg you have less understanding of economics than a congressman. I can tell that you have never run your own business (or if you have it failed). You probably think that "everything should be free." Profit is the north star that guides society to improve it's condition. A profitable operation is one that produces things more highly valued than that which it consumes. The more profitable a business, the better off society is. Unprofitable businesses produce products less valued than that which they consume. They make society less well off and we should rejoice when they fail. Government taxes the profitable operations which makes us worse off, and subsidizes the unprofitable operations, making us worse off. Profits in the ag sector are causing a mad scramble to produce more food so we don't starve. Those who are "cashing in on the distress" are precisely the ones who are risking their own savings to alleviate the distress. Since you are so concerned about people's distress from food prices, why don't you allocate some of your own capital to the industry? Why aren't you happy that high food prices will impoverish more people? That will force them to consume less resources after all. Profit is only a crime when it comes from government expenditures. |
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