July wheat prices predict general surge in food and land prices
Economy • August 2010 • Views: 864
Among other consequences, the rise in wheat prices should place a premium on farmland:
“Anybody who’s got potentially good agriculture land and good weather” is likely to emerge a winner out of this situation because prices of nearly all agricultural commodities are set for steep rises, Rogers said.
This news is consistent with reports of increased farming activity in places like Massachusetts and the growing trend toward urban farming across the country.