Commodities to resume bull run soon: Jim Rogers

MUMBAI: Commodity investor Jim Rogers believes a bull run will resume apace in farm products after what has been a rough year for most commodity prices.

Rogers' claim of a bull run is underpinned by what he describes as a "huge dearth of investment" in productive capacity for the past three decades.

Rogers said in an interview, "More people in America study public relations than study farming. We have no farmers." But that he believes could change as "You cannot eat press releases. It has been a horrible business for 30 years. Prices have to go up a lot, or we're not going to have any food at any price."

Rogers predicts that American wealth will shift from the financial sector to the agricultural sector. He says, "The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers."