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Posts Tagged ‘food speculation’

Speculators Trying to Buy Control of Food Supply

Posted by seumasach on July 30, 2008

 

George Washington’s blog

28th July, 2008
According to the New York TimesFinancial Times, and others, hedge funds and other investors are buying up farms, farmland, fertilizer, grain elevators, shipping equipment and other necessities for producing food.

Given the meltdown in the housing and financial sectors and the weakness in the U.S. economy, large investors figure that everyone has to eat, and so investing in food production is a sure thing.

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