warren buffet and agriculture

aidanki

hi lads,

I think I read somewhere before that warren buffet remarked something along the lines of "In ten years time only farmers will be driving ferraris"

anyone got any links to an article on this?

just interested to see what he had to say about farming

can't seem to find it on google

MASTER...of the bra

Legendary investor Jim Rogers..........(I don't know if this is it)

Shane_OK

It'll be like that lotto ad from years back.:D

Mr_Roger_Bongos

Michael Burry's also a proponent of investing in farmland with access to fresh water.

This article provides a great insight into his activities, originally a value investor who then bet against the housing market (earlier but less publicly than John Paulson) - Betting on the blind side (This article is stickied in the 'interesting articles' thread, which is a must see for everyone!)

And his more recent comments - Bets on farmland and gold (see second video down on the left)

I reluctantly am in agreement with him regarding the farmland with access to fresh water. I see water supplies as a huge problem in the future, but i find it conflicting that investing in the idea would be in my interest. If we get to the stage where water near agricultural land becomes that valuable, then we'd be facing drought in developed countries (with the US a major producer of grain), water supply for the populace etc. That sounds like the breakdown of society to me. My money won't do much good.

I don't know if anyone's familiar with the water volumes used to breed cattle, but it's massive. If the above ever transpired, we'd be looking at cutting out the beef!

aidanki

maybe in other countries

Thargor

Possibly an unexpectedly brighter future for our little sh1theap of an economy though?

neris

weather boffins are saying that the temperature could go up another 3 to 4 degrees world wide leading to drought in what are now hot countries but ireland would still be in an ideal position with climate as we wouldnt have major drought and crops would grow just aswell. Time to invest in massey ferguson and fertiliser manufacturers

ttmd

I have been looking at this theme qs there is significant amount of capital that I want to get out of cash.

The reasoning seems to be solid - just a few things bothering me -

1. It seem to be difficult to invest -illiquid assets in foreign markets and associated paperwork, or paying high fees through a fund.

2. In Ireland and other developed countries, could land still be overvalued due to the real estate boom?

3. In developing markets, where do you find trustworthy people and legal systems?

Any brokers/funds worth checking out?

neris

Good article on bloomberg.com last weekend about how chinas farm lands are being turned into sites for factories and they think that it will cause a shortage of grain supplies in time. Although grains and softs futures are all over the place at the moment

Thargor

Their deserts are expanding and theres nearly permanent drought in a lot of the country aswell.

Dodd

neris wrote: »

Good article on bloomberg.com last weekend about how chinas farm lands are being turned into sites for factories and they think that it will cause a shortage of grain supplies in time. Although grains and softs futures are all over the place at the moment

Not sure if this ot but is to do with the topic.
I seen a few things about this a year or so ago.
They are making sand out of the building sites that blows onto good land and
makes that into sand.
Unless GM food is liked some time soon then land will for growing food go up
in price when you see bread/corn ext go up in price.