Yep...and down she goes...leaving the small investors in mutual funds and pension programs to bite it once more.
This time, though, it's farm land they're manipulating. What happens to food production when the bubble bursts? What's the farmer who took their money to do with his farm when the bill comes due?
Pension plans and mutual funds are the definition of big investors. Mutual funds hold almost zero farmland, pension funds only slightly more.
The biggest benefactors of all this "Big Money" buying farmland have been the farmers themselves. Who do you think is selling it to Big Money?
The farmers are, except for those lands already owned by investors. Somebody comes around waving a big check in the face of a farmer just barely getting by and he unwisely jumps at it, essentially making himself a tenant farmer on his own land.
But, when the land values fall, and the big investors bail out, who's left holding the bag and what does that do to our ability to feed ourselves?