Commodities trader Jim Rogers, known for his investment prowess alongside George Soros, is in Australia to launch a new rural land fund which is seeking to raise up to $350 million to buy farms in northern NSW
Agrifirma Brazil, the well-connected farmland investment company, is investigating opportunities outside South America after placing most of its Brazilian agriculture operations into a joint venture with private equity heavyweight.
Jim Rogers, the co-founder with George Soros of the Quantum hedge fund, is particularly bullish about agriculture saying that shortages in a range of agricultural products will produce strong prices not only in those commodities but also in farm land.
“It’s not common in Brazil to find farmers presenting accounts to international investors. What you can see here is the new model for agribusiness in Brazil,” says André Pessôa, co-ordinator of the Rally da Safra.
"It's very, very cheap, it's incredibly fertile, and it hasn't been overexploited. And if you take in some expertise and some machinery and some fertilizer, you should make a lot of money," says investment guru Jim Rogers of Africa's farmlands