Don’t worry though we solved inflation. We just removed it from our calculations. If we don’t count it: it’s not there!
Investment funds stocking up on US farmland in safe-haven bet
Investment funds have become voracious buyers of U.S. farmland, amassing over a million acres as they seek a hedge against inflation and aim to benefit from the growing global demand for food, according to data reviewed by Reuters and interviews with fund executives.
The trend worries some U.S. lawmakers who fear corporate interest will make agricultural land unaffordable for the next generation of farmers. Those lawmakers are floating a bill in Congress that would impose restrictions on the industry’s purchases.
Though their acreage is a small slice of the nearly 900 million acres of U.S. farmland, the pace of acquisitions by investment firms like Manulife Investment Management and Nuveen has quickened since the 2008 global financial crisis drove firms to seek new investment vehicles, according to Reuters interviews with fund managers and an analysis of data from the National Council of Real Estate Investment Fiduciaries (NCREIF).
The number of properties owned by such firms increased 231% between 2008 and the second quarter of 2023, and the value of those holdings rose more than 800% to around $16.2 billion, according to NCREIF’s quarterly farmland index, which tracks the holdings of the seven largest firms in farmland investment.
Farmland offers steady returns even in periods of high inflation, and firms hope crop demand will remain steady as the United Nations predicts the world will need 60% more food by 2050 due to population growth.
You don’t want to confuse “inflation” with “economic growth”. One makes prices go up because the evil bad salaries are increasing. But the other makes profits go up because of the smart efficient business net revenues are increasing.
A prosperous nation needs big new investments in the future. And that means speculating in our domestic breadbasket, so we can maximize the price of inelastic commodities in an effort to optimize consumption habits. You don’t like waste, do you? Optimizing price reduces waste. Its all right here in the book Basic Economics by totally non-problematic and very smart guy Thomas Sowell.
As they’re living with their parents because they can’t afford an apartment of their own.
This is a serious point. I couldn’t afford a place until I was in a relationship. And that was a long time ago. I can’t imagine how difficult it would be with today’s rent.
Having a roommate turned an apartment from unaffordable luxury to merely 25% of my paycheck.
I honestly think having roommates is fun, particularly if you’re old friends anyway. But its crazy that a spot at the ass end of town was eating so much of my take home pay even after we cut the bill in half.
While I like gardening, unironically advising people to grow their own food to cut costs is just bonkers.
It takes months to grow anything, and given the limited space, you can’t grow much anyway. You’ll be lucky to grow 20€ worth of food on your balcony while spending hours doing the gardening. That’s not cost effective.
And that doesn’t even count the cost of materials to get started.
Definitely not against gardening, me and my partners are in the process of getting our garden going in our new place, but dirt alone could easily eat up the cost savings if you have to build out your planters.
As I wrote in another comment: you can create your own soil with earthworms. You can get a small batch of worms in fishing supply stores for like 5€ (or collect them yourself), these guys turn almost any plant material into pure fertilizer.
Gardening has its own associated costs with supplies and requires space
It’s the cost of supplies and garden maintenance and see requirement vs the cost of food at the supermarket
It needs to cost less than the growable food you can buy at the store
You can get away with very little supplies, actually. Basically just a small shovel, the rest be salvaged.
Pots can be made from old plastic bins/containers, soil/fertilizer can be made from food waste using worms, seeds can be made from surprisingly many fruits/vegetables. Pumpkin seeds are right inside the pumpkin, potatoes and beans can be put right into the soil, even tomatoes can be grown from store bought ones.
And while it’s a really cool hobby: you’re right regarding the cost effectiveness. Unless you happen to have a significant plot of land, it won’t make a dent in your grocery bill.
Plastic can leech plastic into your food, I know this personally from getting headaches from using soda bottles as water bottles
And my aunt gets headaches from 5G.
You’re not getting headaches from water bottles. It’s placebo (or nocebo, in this case).
Toxic effects of plastic on human health and environment: A consequences of health risk assessment in Bangladesh
Ram Proshad, Tapos Kormoker, Md Saiful Islam, Mohammad Asadul Haque, Md Mahfuzur Rahman, Md Mahabubur Rahman Mithu
International Journal of Health 6 (1), 1-5, 2018
Plastics are used widely everywhere in our life and without plastic, modern civilization would indeed look very diverse. This study focuses on the toxic effects of plastic on human health and environment and possible consequences of health risk assessment in Bangladesh. Plastics are essential materials in modern civilization, and many products manufactured from plastics and in numerous cases, they promote risks to human health and the environment. Plastics are contained many chemical and hazardous substances such as Bisphenol A (BPA), thalates, antiminitroxide, brominated flame retardants, and poly-fluorinated chemicals etc. which are a serious risk factor for human health and environment. Plastics are being used by Bangladeshi people without knowing the toxic effects of plastic on human health and environment. Different human health problems like irritation in the eye, vision failure, breathing difficulties, respiratory problems, liver dysfunction, cancers, skin diseases, lungs problems, headache, dizziness, birth effect, reproductive, cardiovascular, genotoxic, and gastrointestinal causes for using toxic plastics. Plastics occur serious environment pollution such as soil pollution, water pollution, and air pollution. Application of proper rules and regulations for the production and use of plastics can reduce toxic effects of plastics on human health and environment.
This is just a paper citing plastics affects on health in Bangladesh but it does demonstrate that plastic can have these effects
You are wrongly comparing scientifically proven effects of plastic with misinformation
Nope, you’re simply wildly exaggerating the effects of the dosage you’re actually getting.
That’s like saying water causes cancer, because everyone with cancer drank water at some point.
You are not getting the minimum doses needed to get from a water bottle. And again, if you’re getting headaches from a water bottle, that’s your imagination. Period.
This is not great advice. Using random crap for planters can leech chemicals into your fruits and veggies. Also, you need seed-potatoes to grow potatoes you can eat. You cannot grow edible potatoes from what you buy in a grocery store.
“Random crap” is what’s used in agriculture as well, if you buy a big plastic tub, it won’t leech more into the soil than your coke bottle already did. There’s only so much plastic that can leech out and planters can be used for years, the plastic you’re using around your house gets thrown out in a week or two and replaced. Much higher chemical content there.
And you can absolutely use store bought potatoes, they are clones, there’s no difference between seed and regular potatoes. At most, there might have been something done to prevent sprouting for a bit, but that’s it. You can simply wait for them to sprout, if that’s a concern. You know how I know? I’ve been growing “old” food potatoes in pots for years. Works just fine.
Do we REALLY need to quiz people to know this? Ffs.
I assumed it was housing.
If we could afford housing, then that would be it.
https://www.economist.com/finance-and-economics/2024/04/16/generation-z-is-unprecedentedly-rich
Y’all are buying homes just fine compared to the last few generations.
Y’all
Rich = Full Time Employed?
You seem to mistake having a salary for having money.
America now has more than 6,000 Zoomer chief executives and 1,000 Zoomer politicians.
Also, what if you’re not a CEO or a politician? Also, plus, too, how on earth is “small town city councilman” or “part-time New Hampshire legislator” a sign of wealth?
I don’t get the point you’re trying to make with your graph. Obviously there wouldn’t be many Zoomers working full time; most are still in school.
Zoomers born after 2006 haven’t graduated high-school, and those born between 2002-2006 are in college. That’s leaves only a 5 year window of people you’d expect to be employed full time.
The line for millenials looks about the same as Zoomers.
The line for millenials looks about the same as Zoomers.
shrug
Take that up with the Economist, its their claim and their chart.
I’m trying to understand your argument against the article and what point you’re trying to make by using their chart.
That was one single indicator. I agree it’s not the best, to your point, unemployment, homeownership, and salary averages are the ones that show middle class wealth.
I don’t see any of that in the article. Is it hidden behind the paywall?
