We profit from the retreat of stock indexes this week to take a closer look to the Ag commodities (Agriculture, that is). The supply and demand outlook for agricultural commodities is rather bearish – less supply, higher demand – and the global credit crunch is another reason to assume that global harvests may be curbed and the food crisis for developing countries can be worsened.
We look to the Federal Agricultural Mortgage Corp – the farmer equivalent of Fannie and Freddie (ticker: AGM) – Farmer Mac was rescued early October by its lenders. The damage though was already done to the supply chain.
However, as Ag will flourish in the coming years, these bank activities will boom.
We look to the Federal Agricultural Mortgage Corp – the farmer equivalent of Fannie and Freddie (ticker: AGM) – Farmer Mac was rescued early October by its lenders. The damage though was already done to the supply chain.
However, as Ag will flourish in the coming years, these bank activities will boom.
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