Hedge funds muck in down on the farm
- Financial Times
- 25 April 2008
Hedge funds and investment banks are swapping their Gucci for gumboots as they bet on rising food prices by buying farms.
Hedge funds and investment banks are swapping their Gucci for gumboots as they bet on rising food prices by buying farms.
Hundreds of farmers in Northwest China are expected to toil the soil in the neighboring Republic of Kazakhstan next spring. "We have signed a deal with Kazakhstan to rent 7,000 hectares of land in Alakol county for use for 10 years," a local agricultural official said.