Thursday, January 13, 2011

Highly Anticipated USDA Report Calls For More Big Gains In Agriculture Prices

If you were wise enough to invest in farmland, like Marc Faber, you've made a very good decision as prices look likely to continue to rise, according to the U.S. Department of Agriculture.

The result is that farmers will now be increasing farmland to grow crops like wheat, soy beans, and corn.

Already, wheat acreage is rising, with winter planting coming in higher than expected. The demand for soy beans has yet to be caught up with, and with projections for next years harvest down 15%. Corn supplies left unsold are at their lowest levels in 4 years.

The breakdown on prices, from the U.S. Department of Agriculture report, with current futures charts: read the report here

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