Christmas can be a stressful time for many, especially if their lives aren’t as happy and fulfilling as they had hoped they would be. This is a time of year when the joyfulness of the season clashes with often much less joyful real world concerns – something that keeps the counsellor in the office next door to mine very busy every year before Christmas. I imagine anxiety, concern and worry is the situation on many farms this year, with disastrous crops in many areas adding financial pressure and just simply sheer frustration of being unable to produce a good crop this year.
Read Also
Worrisome drop in grain prices
Prices had been softening for most of the previous month, but heading into the Labour Day long weekend, the price drops were startling.
So let me share a nothing-but-bullish view of commodities – especially agricultural commodities like those grown on the prairies – with you. If you get a good crop next summer, commodities guru Jim Rogers thinks you’re very likely to do well. In his view, you haven’t missed the rally. (Being from Saskatchewan, I naturally think in terms of “Next year country.”) In this recent clip here, from Indian TV channel NDTV, Rogers lays out his bullish view of commodities in 2011. Not only does he think commodities in general will be either very strong or quite strong in 2011, but agricultural commodities in particular have great prospects, he says. To Rogers, the main ag commodities are still cheap. He’s much more bullish crops than he is gold.
So go watch the clip if you have 10 minutes.
I must admit I took great delight in watching this, not just for the newest views of Jim Rogers – the world’s foremost commodities guru – but for the tough time the Indian interviewer had questioning Rogers. I’ve interviewed Rogers a few times, and he’s always polite, friendly, gracious – and extremely intimidating. He often turns questions back on the interviewer, and then you discover whether or not you actually understand the stuff you just asked him about. And you can end up stammering, stumbling and looking like a deer caught in the headlights, even if you did understand what you were talking about. I thought this Indian interviewer actually did quite well, given the stress that attends such interviews, and he didn’t completely disintegrate or run off the set screaming when Rogers took task with his assumptions about his position on the Euro/U.S. dollar cross trade.
And Rogers’ views on the Indian government ban on onion exports because of rising domestic prices is hilarious.
And, talking of India, if you haven’t yet been to our website to read our reporter Mary MacArthur’s blog on her recently completed travels around India, go check it out at www.producer.com
She provides a first hand view of India, lots of great photos, and just simply a great read. Just look for the Taj Mahal, click on it, and you’ll quickly be across the world.
