http://money.cnn.com...rce=yahoo_quote
excerpt -
The cereal crops hit by global warming account for at least 55 percent of non-meat categories consumed by humans, according to the study. They also contribute more than 70 percent of the world's animal feed.
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population growth combined with reduced grain production...must be more that one trade setup in the making on this trend?
agricultural land prices are going up in price...by large % amounts and suddenly in some places, as hedge funds and a variety of investors see the writing on the wall...on this note -
ag land in the Idaho side of the Teton valley is some of the richest and remains pristine with good access to water rights from a variety of rivers (pumping stations exist in some cases with large diameter underground pipe that distributes water from the river source throughout the valley)....relatively no population and little access at the moment by residential developers....Dreyfus family bought extremely large tracts bordering this ag land in the 80's and Paul Allen of Msoft has his "place" of luxury in this same area..these 2nd and 3rd generation farmers are just now looking to cash in, tho' development is nearly restricive because of the fire codes requiring large fire ponds to service each rural community that is proposed....new farm buyers can still making attractive purchases here.
Edited by hiker, 17 March 2007 - 12:36 AM.