Harvest profits in agriculture
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International investor Jim Rogers forecasts agriculture as an exciting area to make money in the next 30 years as inflation is bound to worsen globally.
The shrewd American investor, who is known as the king of commodities, overweighed agriculture because food prices will continue to rise around the world and not just in China, he told a press conference on Saturday in Shanghai.
Rogers said that most farmers around the world who have stayed basically poor will see a dramatic change. Investors should pay attention to agriculture, or other areas, which may benefit from high inflation, he added.
Commodities such as copper, steel and cement will also be attractive because Japan will need large amounts of these for reconstruction following the earthquake and tsunami which damaged a large part of the country.
As doubts grow over the safety of nuclear power in Japan, opportunities may also open up in the oil and natural gas industries, he suggested.
Rogers, co-founder of the Quantum Fund with George Soros, was in Shanghai to unveil Experiencing the World Scholarship - a project with local website Woyo.com, that offers opportunities for Chinese to travel around the world.
Chinese who are between the ages of 18-40 can sign up for the annual scholarships from April 5 to May 30. Participants should upload their original videos and pictures that show their talents and ideas.
On May 31, 210 participants will be selected according to their online voting records before Rogers picks eight winners who will spend up to three months traveling the world or study abroad.
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