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)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s