Rogers Is Right
by Simon Black: Did
I Pack My iPad Full of Cocaine?
saw the writing on the wall for America several years ago. He uprooted
his wife and family from New York and went where the opportunity
was Singapore. Rogers has famously said that the best career
advice he can give a young person setting out to make a fortune
today is to become a farmer.
news anchors, who seem to take the comment in jest, I believe he
is completely serious. Forget investment banking, derivatives trading,
or managing a hedge fund. The big fortunes of the coming decade
or two may well be made in agriculture.
to dismiss the notion assume this means toiling in the fields all
day from dawn to dusk. Wrong. There are MANY ways of making a buck
in farming and agriculture.
is just one part of the supply chain. You could supply seeds, chemicals,
fertilizer or stock feed. You could breed some exotic variety of
cattle or pigs. You could provide logistics services to get products
to market. You could even set up a fund to invest in agribusinesses
on behalf of others.
There are literally
dozens of ways to play this.
I just finished
reading an uplifting account of a young Filipino entrepreneur (only
thirty-one years old) whos well on the way to floating his
diversified agribusiness company on the Philippine Stock Exchange
for P2 BILLION ($46.5 million).
In just 7 years,
hes grown the company, which does everything from selling
livestock feed, to running rural supplies stores, to raising chicken
have increased 9-fold from P200 million to P1.8 billion. Profits
this year should hit P137 million based on company projections.
By 2013 theyre targeting P425 million. Thats US$10 million,
give or take, in net profit, all from doing something very basic.
so little new blood and talent has entered the agriculture business
in the past generation that many business practices remain stuck
in a time warp.
How many people
do you know who majored in agricultural science at university? How
may people can you think of who stayed on to run their parents
farm, or returned to the land to run their own business?
the rest of the article
April 29, 2011
© 2011 Sovereign Man