Hedge fund farms reap from food doomsday warnings
By Seth Lubove | China Daily | Updated: 2011-08-11 07:47
|
US farmers stack straw bales in Kirkland, Illinois. Investors are pouring into farmland in the United States and parts of Europe, Latin America and Africa as global food prices soar. Daniel Acker / Bloomberg |
LOS ANGELES - Perry Vieth baled hay on a neighbor's farm in Wisconsin for two summers during high school in 1972 and 1973. The grueling labor left him with no doubt about getting a college degree so that he'd never have to work as hard again. Thirty-eight years later, and after a career as a securities lawyer and fixed-income trader, Vieth is back on the farm.
Photo
