I think this will be the hottest commodity theme of 2008 ...

Why the era of cheap food is over

Two major trends have been pushing prices up faster than they have risen for more than 30 years. One is that increasingly prosperous consumers in India and China are not only eating more food but eating more meat. Animals have to be fed (grains, usually) before they are butchered. The other is that more and more crops – from corn to palm nuts – are being used to make biofuels instead of feeding people.

At the same time, the world is drawing down its stockpiles of cereal and dairy products, which makes markets nervous and prices volatile.

The result, says Joachim von Braun, who heads the International Food Policy Research Institute (IFPRI) in Washington, is that "the world food system is in trouble. The situation has not been this much of a concern for 15 years."

Let's check and see how the stocks in my Agriculture Boom report are doing ...

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