Farming has been a disaster for 30 years. The average age of farmers across the world is in the 60s. How much do agriculture commodity prices have to rise to entice a new generation of young people - or you for that matter - to enter the industry?
Current selected agricultural commodity futures prices:
Corn: $215 per metric ton
Wheat, No.1 Hard Red Winter: $307 per metric ton
Coffee, Robusta: 107 cents per pound
Coffee, Other mild arabicas: 123 cents per pound
Sugar No.11: 16.30 cents per pound
Cotton: 86.5 cents per pound
Soybeans, U.S. No.2 Yellow: $548 per metric ton
Cocoa beans: $2360 per metric ton
Rice, 5% broken milled white rice: $550 per metric ton
Beef: 180 cents per pound
Chicken: 106.5 cents per pound
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Welcome! I started this blog primarily for friends and people around me. This blog is just an avenue for me to put my thoughts in writing, and I make no effort to promote it. My investment approach is based on the understanding of History, Politics & Austrian Economics, and how these areas interact with each other. Disclaimer: I make no guarantees of my predictions. Please do your homework thoroughly before making any investment decision.
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