“(NaturalNews) Going back to the land has always been thought of as a thing for hippies, eco-nuts, and doomsday survivalist, but now hedge fund managers are jumping on the bandwagon too.
The New York Observerrecently spoke to such a hedge fund manager working on a fund that ranks as approximately the 15th largest farmer in America.
The media first picked up on the land investment pattern in 2008 in the FebruaryTimes of Londonpiece, “The Hedge Fund Manager Who Bought a Farm,” which detailed a British hedge fund manager’s attempt to play off the risingpricesof grains in order to get a hold of localfarmland. It was followed shortly by coverage by theFinancial Timesthat said hedge funds and investment banks were “swapping their Gucci for gumboots”.
Today, the increase in the purchase of farmland both in America and abroad is so drastic that in February, Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, warned against the possibilities of a farmland bubble.”
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