15.MAY.2013Why we're going for a global grain initiative...
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In the US, 40% of corn must be used to make biofuel, yet last year the country had its worst drought for 50 years, inflicting huge damage on the maize crop. India's poultry sector is growing at up to 12% each year - with practically all of its chickens and eggs now being consumed by Indians themselves. And hedge funds and pension funds are seeing agriculture as an attractive asset class, investing in land and, in some cases, taking part in the day-to-day management of farms.
So, what's all that got to do with the price of bread?
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