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Farmers, Ferraris and harvesting good investments in Africa

Monday, August 09, 2021 | 850 Views |

From the soil: Agriculture value chains could unlock massive wealth for Botswana

In April 2012, legendary US investor and market commentator Jim Rogers made a bold pronouncement: Farmers, not bankers would be the next group driving Ferraris and Lamborghinis.

In a popular interview with Forbes magazine, he said: “More people in America study public relations than study farming. We have no farmers. You went to Princeton; nobody you went to school with became a farmer. I went to Yale; nobody I went to Yale with became a farmer. The average age of farmers in America is 58 years old. In Japan, the average age is 66. In Australia, it’s 58.”

Fast-forward to 2021 and while there are not a lot of sports car-owning farmers on the African continent [yet], the investment case for the agriculture sector is intact.

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Farmers, Ferraris and harvesting good investments in Africa

In April 2012, legendary US investor and market commentator Jim Rogers made a bold pronouncement: Farmers, not bankers would be the next group driving Ferraris and Lamborghinis.