Putting the Pop in the Crop

If you are looking for secular growth, then focus on the farm — great article on this file on page A3 of the weekend WSJ — Land Becomes Cash Crop in Farm Belt. Farmland values in the U.S. are up a healthy and hardly bubbly 6.4% over the past year. And, because of the runup in cotton, corn wheat and soybean prices, net farm incomes have enjoyed a 24% increase, to $77 billion. The continued protein shift in China coupled with the weak U.S. dollar remains a boon for this sector of the economy and perhaps one reason why the latest economic data out of the Midwest have looked particularly decent.

via Breakfast_with_Dave  (Gluskin Sheff)


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