"Food a healthy stockINVESTOR Jim Rogers spends most of his time...

"Food a healthy stock

INVESTOR Jim Rogers spends most of his time in Singapore these days, but when George Soros's former partner hits New York he is in big demand.

And in interviews on Thursday, he identified food as one of the places to be.

The world has a staggering agricultural problem. Not only are developing countries wanting more and better food, the world's arable land is diminishing and humans are competing with stockfeed and ethanol demand; last week corn hit a new record of $US8 a bushel.

Rogers also argues that food prices must rise to make farming profitable again, or farmers will find better paying jobs.

This also explains why fertiliser must grow in demand, and why potash and phosphate prices keep rising.

In regard to potash, two new potential powerhouses are emerging: Ethiopia/Eritrea and Brazil.

We have South Boulder Mines (STB) in Eritrea with a resource and, in Brazil, Aguia Resources (AGR) now drilling for phosphate and soon for potash."