Monday, May 7, 2007

Leveraged Corn Fields?

There's a good joke in here somewhere but I can't think of it. AP article on PE funds buying up farmland. In my opinion, the most important bit is the last paragraph: farmers are planting 15% more acres of corn in 2007 vs. last year. Easiest and cheapest capacity increase of any commodity. Next they'll be tearing down empty single family homes to plant more crops...

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