Buying at the Point of Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture

Chapter 7. Proteins and Agribusiness: Billions and Billions to Be Served

Since the beginning of human existence, every man, woman, and child has required nourishment to embrace another day of life. This began with the hunter-gatherer method, which involved intense day-to-day pressure to skillfully acquire whatever sustenance one could find by foraging and scavenging. Later, around 9000 B.C., humans first planted and successfully domesticated grains in the Mesopotamian region of the Tigris and Euphrates Rivers. This development marked a profound inflection point and likely changed the course of mankind forever, as well as for the better. Through generations of practice and innovation, people honed their farming skills and eventually produced ...