First the housing market, then gas prices, now Wall Street is positioned to drive the next bubble: farmland. It's already happening. Farmland in Kansas and Nebraska has jumped 20 percent in value over last year. And it's set to double in the next four.
As food prices continue to rise, Wall Street hedge funds are buying up immense amounts of farmland betting that future food scarcity is a smart investment. And an article from the New York Observer details how hedge funds have decided doomsday inflation will make farming and food production the next opportunity to make billions.
A new study commissioned by the Organization for Economic Cooperation and Development says investment in buying farmland by Wall Street in the next decade will top more than $150 billion.
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