Eye On The Market Animal Farm
May 15, 2024
Exploring agricultural price inflation post Russia-Ukraine conflict, public and private equity investments in farmland, bio-engineered seeds for cost reduction, satellite data on agricultural damage in Gaza and Israel, and avian flu's impact on food supply.
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Investor-Citizen Farmer Story
- Michael Semblis personally farms tomatoes, cucumbers, and strawberries and fences his raised flowerbeds to keep out deer.
- He humorously notes that only a skilled bow hunter can protect the garden from deer by sitting in his treehouse.
Global Food Price Resilience
- Global agriculture and food prices spiked after Russia's invasion of Ukraine but have since returned to pre-invasion levels.
- The world shows resilience in food supply with other regions compensating for losses.
Grocery Margins Inflate Prices
- Grocery store profit margins in the US have increased to about 7%, the highest since 2000.
- This partly explains why consumer food prices remain elevated despite global commodity price declines.