Price rises have prompted a spate of straw and hay thefts, and many farmers have had to put their supplies under lock and key Photo: AFP/GETTY Straw Theft Is Omen For The Future Of Food -- The Telegraph
Mining giant BHP Billiton has made its bid for Canadian group PotashCorp of Saskatchewan because it sees a bright future for agricultural commodities. It looks like a very sensible move – providing the price is right.
Demand for potash will increase as the global population grows – and prices are likely to move higher. This means grain prices are likely to rise too.
This is bad news for farmers – and ultimately consumers – because it means the price of rearing animals is probably going to rise because of increasing feed costs. But it's not just feed prices that are going up and squeezing farmers' margins – the price of straw and hay is also heading higher.
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My Comment: The people in China, India, much of the developing world .... they have developed (and are developing) an appetite for the Western diet of grains and meats. Expect this trend to continue, and prices to increase accordingly.
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