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Down on the farm, investors see big potential

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  • Down on the farm, investors see big potential

    These guys may be a little late to the US party. tey should join me in South America...

    A new breed of gentleman farmer is shaking up the American heartland. Rich
    investors with no ties to farming, no dirt under their nails, are confident
    enough to wager big on a patch of earth -- betting that it's a smart investment
    because food will only get more expensive around the world.

    They're buying wheat fields in Kansas, rows of Iowa corn and acres of
    soybeans in Indiana. And though farmers still fill most of the seats at
    auctions, the newcomers are growing in number and variety -- a Seattle computer
    executive, a Kansas City lawyer, a publishing executive from Chicago, a Boston
    money manager.

    The value of Iowa farmland has almost doubled in six years. In Nebraska and
    Kansas, it's up more than 50 percent. Prices have risen so fast that regulators
    have begun sounding alarms, and farmers are beginning to voice concerns.

  • #2
    Re: Down on the farm, investors see big potential

    Will this dirt bubble in the making come with water?