| Agribusiness exchange traded funds could experience stunted growth as depressed grain prices squeeze farmers’ profit margins. Over the past year, the Market Vectors Agribusiness rose 7.7% and PowerShares Global Agriculture Portfolio increased 7.6% higher.
U.S. farmers are beginning to cut back on farming equipment as the low crop prices and rising costs diminish income, reports Alan Bjerga for Bloomberg. The U.S. government projects that farm income this year is heading toward the third consecutive decline and will post its largest fall since the Great Depression. Net-cash income from farm activity is expected to plunge 22% to $89.4 billion, the biggest drop off since 1932...............................................Full Article: Source
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