Ponder this: What group of businesses will have 1 billion new customers in the next five to seven years?”
Answer: farmers, and by default, agricultural suppliers.
Worldwide, 1 billion people will enter the middle class by the end of the decade and the defining attribute of this group is its markedly increased consumption of protein. That would be mostly chicken and pork, fed with grain. Much of it American grain.
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When a few million people want to buy more and better food, it is a nice little trade. When a billion do so, it is, and I am now stealing a line from Jim Rogers, “time to trade that Mercedes for a tractor.”
Here are 5 great agriculture-related stocks that will thrive in the food boom.