There’s a knot in my stomach after reading this article. Hedge fund managers are buying up farmland because they’re scared of the apocalypse. No, hedge fund managers buying up farmland will create the apocalypse. Wall Street will do to agriculture what it did to real estate, manufacturing, et. al
via: The Observer
A study commissioned by the Organization for Economic Cooperation and Development and released in January estimated the amount of private capital currently committed to farmland and agricultural infrastructure at $14 billion. It also estimated that future investments will “dwarf” what’s currently being thrown into land, by two to three times. Further down, the study makes a conservative projection that the amount of capital potentially entering the sector over the next decade will fly past $150 billion.