Money and Finance
- Mckinsey Report: Resource Revolution: Meeting The World’s Energy, Materials, Food, And Water Needs
Published in November of last year. It looks similar to the things that Jeremy Grantham discussed in his Q2 letter. Resource prices are rising and becoming more volatile. Without a resource revolution, we all face the prospect of damage to global growth,...
- Usda Estimates Of Corn And Soybean Production Drop As Drought Takes Its Toll On Farmers
For related commentary, I highly recommend reading Jeremy Grantham’s latest letter. The government slashed its expectations for U.S. corn and soybean production for the second consecutive month Friday, predicting what could be the lowest average corn...
- Gmo’s 2q 2012 Letter: "welcome To Dystopia!" And "when Bad Things Happen To Cheap Assets"
GMO’s 2Q 2012 Letter comes in two parts. Part I, “Welcome to Dystopia” is Jeremy Grantham’s update to “Time to Wake Up” and “Resource Limitations 2.”In this piece, Jeremy focuses on the continuing global food crisis and what we might,...
- The Food Crises: A Quantitative Model Of Food Prices Including Speculators And Ethanol Conversion
Found via Paul Kedrosky. Recent increases in basic food prices are severely impacting vulnerable populations worldwide. Proposed causes such as shortages of grain due to adverse weather, increasing meat consumption in China and India, conversion of corn...
- Recent Buy - Archer Daniels Midland Company (adm)
Hi Everyone, Another purchase is in the books! Like I said in the last post, I put a good chunk of change to work in the past week. The only way to get closer to the American Dividend Dream is to keep buying high quality companies and letting...
Money and Finance
The food crisis should not be left to cowboy capitalists – By Jeremy Grantham
The worst US drought in half a century is further evidence that we are in the midst of a global food crisis. In 2007-08, there were riots in more than 20 countries, as the cost of commodities surged. After a brief respite, prices of corn and soya have in recent months risen to all-time highs. I believe this is evidence that we cannot sustainably feed a world population forecast to reach 10bn by 2050. Are we cowboy capitalists, with our love of growth at any cost, about to ride full speed into disaster?
Food prices have risen for three main reasons. Demand for meat from the expanding middle class in developing countries (especially China) absorbed corn and soya – one pound of beef carcass requires 30 pounds of grain and one pound of pork requires 12 pounds of soya. Chinese soya demand, growing at 10 per cent a year, has transformed the agriculture of the western hemisphere, which now has more acreage with the crop than with wheat. Second, the global population has continued to increase at a rapid pace. Third, the weather has become more hostile to farming, with a substantial increase in severe droughts, floods and heatwaves.
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Related previous post: GMO’s 2Q 2012 Letter: "Welcome to Dystopia!" and "When Bad Things Happen to Cheap Assets"
- Mckinsey Report: Resource Revolution: Meeting The World’s Energy, Materials, Food, And Water Needs
Published in November of last year. It looks similar to the things that Jeremy Grantham discussed in his Q2 letter. Resource prices are rising and becoming more volatile. Without a resource revolution, we all face the prospect of damage to global growth,...
- Usda Estimates Of Corn And Soybean Production Drop As Drought Takes Its Toll On Farmers
For related commentary, I highly recommend reading Jeremy Grantham’s latest letter. The government slashed its expectations for U.S. corn and soybean production for the second consecutive month Friday, predicting what could be the lowest average corn...
- Gmo’s 2q 2012 Letter: "welcome To Dystopia!" And "when Bad Things Happen To Cheap Assets"
GMO’s 2Q 2012 Letter comes in two parts. Part I, “Welcome to Dystopia” is Jeremy Grantham’s update to “Time to Wake Up” and “Resource Limitations 2.”In this piece, Jeremy focuses on the continuing global food crisis and what we might,...
- The Food Crises: A Quantitative Model Of Food Prices Including Speculators And Ethanol Conversion
Found via Paul Kedrosky. Recent increases in basic food prices are severely impacting vulnerable populations worldwide. Proposed causes such as shortages of grain due to adverse weather, increasing meat consumption in China and India, conversion of corn...
- Recent Buy - Archer Daniels Midland Company (adm)
Hi Everyone, Another purchase is in the books! Like I said in the last post, I put a good chunk of change to work in the past week. The only way to get closer to the American Dividend Dream is to keep buying high quality companies and letting...