Nov 15 (Reuters) – Where there’s muck, there’s money, the
old expression goes.
With 7 billion people now needing food on this planet,
putting your money into soil and agriculture might be a
long-term investment to consider. You’d certainly be in good
company: In recent years, high-profile investors such as Jim
Rogers and George Soros have made investments in farmland (see).
What makes farm property attractive? It has a finite supply
and may become even scarcer with global warming,
desertification and development. And with a rising population,
more tillable land will be needed.
Moreover, it could be a way to diversify your portfolio
away from financial markets wracked by global debt fears. Gold
has been one alternative, but farmland could be a better
long-term bet. Unlike precious metals, you can rent it out and
use it to grow crops or feed livestock.
Although depressed somewhat by the economy’s recent
weakness, U.S. agricultural real estate prices have climbed 40
percent since 2004, according to the U.S. Department of