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| Investors buying farmland – Wiki image |
Christine Stebbins
Reuters
CHICAGO – The overall economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better.
Farmland prices are setting records and farmer incomes have been buoyed by exports and biofuels, easing the pain of some rough summer weather from drought, floods and fires.
Amid China’s voracious appetite for grains and worries about climate hurting crops and food supplies in many countries, U.S. agriculture’s attraction as the world’s breadbasket has become a beacon for Wall Street.
Firms like Omaha-based Gavilon, owned by Ospraie, a hedge fund associated with George Soros and Canada-listed Ceres Global Ag have been buying up grain elevators from Wyoming to Toronto.
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