Marc Faber, editor of The Gloom, Boom & Doom Report, believes that investing in agriculture today will be like investing in oil in 2001 to 2002 when oil prices halved to $17 per barrel according to The National Post.

Faber says that record low inventories, declining agricultural productivity, and increasing demand for food will drive prices higher. Population growth is rising until 2030 and will have produced an additional billion mouths to feed between 2000 and 2012 alone.

Faber points to the Green Revolution between 1976 to 1986 when food production transitioned from increased land use to higher yielding agricultural methods. Faber believes the benefits have run their course. Productivity has declined by almost half between 1990 and 2007 and Faber expects that trend to continue over the next decade.

Read the full article here: http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/05/12/agricultural-commodities-offer-great-opportunity.aspx

- Colvin