Jim Rogers, a fervent agricultural bull since he launched the Rogers International Commodity Index in 1998, recently cited rice as his favorite grain.
He told MoneyNews:
“If rice goes down, I will buy more rice. Rice has a great future for the next few years.”
When Jim casually name-drops a commodity—especially a grain—it’s usually advisable to take a closer look at it. So let’s dig into the investment-worthiness of rice and see if we should order up a side dish for ourselves.
Lower Acreage, Lower Supply
A recent Wall Street Journal article reported farmers are reducing acreage for rice by as much as 30 percent in favor of higher-priced cotton and soybeans…
Please read the rest of my supply/demand Rough Rice analysis at Hard Assets Investor (and give it a 5 star rating, please! :))