March 3, 2009

Buy Agriculture. People are still going to Eat

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.

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. 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 in oil and metals.

You're supposed to buy when they're collapsing. I expect to own commodities for years, for a long time.