Pope: bullish on agriculture
Agriculture needs a "strategic re-launching," says His Holiness.
Uplifting news for ag bulls from, of all places, the Vatican.Skip to next paragraph
Joshua has been managing money for high net worth clients, charitable foundations, corporations and retirement plans for more than a decade.
Subscribe Today to the Monitor
"The current economic crisis," the Holy Father began, "must be taken in all its seriousness: It has numerous causes and sends a powerful message about the need for a profound revision of the model of global economic development."
And one area that needs revision and "a strategic re-launching," he added, is agriculture.
"I believe that this is the moment for the reevaluation of agriculture, not in a nostalgic sense, but as an indispensable resource for the future," the Pontiff affirmed.
His Holiness has even picked up on the trend of booming farmland and the new rural landgrab...
"More than a few young people have already chosen this path," The Holy Father concluded. "Also, many professionals are returning to dedicate themselves to the agricultural enterprise, feeling that they are responding not only to a personal and family need, but also to a 'sign of the times,' to a concrete sensibility for the 'common good.'"
The Pope rightfully points out the problem of the traditional production/consumption paradigm and calls for long-overdue change. Hopefully the people burning (gov subsidized) corn for (gov subsidized) fuel will heed his message. Of course they won't.
None of the reporters present managed to get his buy, sell, or hold opinion on soybeans or the Agribusiness ETF ($MOO), but at least we know he's on board with the theme in general.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.