Paradigm shift could be coming
for paNOW
Many analysts say world grain stocks are so low that strong prices are likely for the next two, three or even five years.
If world demand doesn’t get side-swiped by another severe economic downturn, the years ahead could be a great time to be a farmer. However, not all the consequences will be positive. If grain prices go too high too fast, watch out for food riots in less developed nations.
This happened back in 2008 and has been reported again recently in countries such as Algeria. If grain becomes critically short, it could prompt all sorts of international nastiness.