It is also an encouraging factor that Russian & Ukranian wheat growing areas south and east of Moscow are being brought back into production after years of abandonment and neglect. this is not just because of the rise in prices, which will continue, but also because an awful lot of agro-corporates are seeing the premiums available for land across the world are buying up land cheaply wherever they can get it and being brought into production. I know that farms in Bulgaria, which a couple of years ago were being practically given away, are now commanding very good prices. This is especially so from Britain where there are a large number of trained farm managers unable to earn a preferred living willing to up sticks and develop these new prairie farms.
Rice is a different problem more related to water shortages. I'd suggest that we will see activity to address this issue in SW Africa before too long. keep to the Fen Causeway
When the CAP changed in the '90s from product-price subsidies to land surface subsidies, the price of eligible land shot up.
Some people who saw where the wind was blowing is the Swedish Lundin billionaire family, of Lundin Petroleum (financing The Association for the Study of Peak Oil and Gas, ASPO) and Lundin Mining fame. They have started the company Black Earth Farming which is investing in exactly this line of business. Peak oil is not an energy crisis. It is a liquid fuel crisis.
