Food is a great asset minus fund managers

Investors can't afford to ignore food. As a hedge against a possible US recession, and direct exposure to rising urbanisation and wealth in Asia, it's an asset class that's tailor-made for the present times. As Jim Rogers of New York-based investment firm Rogers Holdings puts it, "If you're in agriculture, you don't know that there is a recession, you don't care.'' That may be as true for investors in agricultural commodities as it is for farmers, provided the former don't rely on the expertise of fund managers to beat the futures markets.