Marc Farber has proven to have an uncanny ability to time the markets and has developed a large following in the financial world. Mr. Farber’s latest prediction calls for a 20% drop in the market stating that the technical position in the market is poor, corporate earnings are worsening and that current statistics are imprecise. Mr. Farber strongly suggests investing in farmland calling it one of the most important investments you will ever make. Between 1987-2004 farmland prices averaged annual increases of 4.8% and between 2004-2008 farmland has averaged annual gains of 15% while experts state that increasing global food demand will prevent a major collapse.
