Jim Rogers - Agriculture... next 10-15 years
Jim Rogers co-founded the Quantum fund with George Soros in the 1970s.
"Agriculture is going to be one of the most exciting growth industries in the world for the next 10-15 years," he added. "Conservative" agricultural banks such as Rabobank NV "will have their sun now," he said.
Rice prices have to go much higher before supply rises, he said. Rice at times "in the dark recesses of history," adjusted for inflation, was much higher than now, he said.
Inventories are "very low" and "nobody's becoming a rice farmer these days," Rogers said. "Young Chinese haven't gone into rice farming in the last 30 years. They've headed to Shanghai and gone down to the new stock exchange or commodities exchange and that's true in most parts of the world."