The Lamb Chop Boom
January 3rd, 2011Via: Foreign Policy:
Forget gold and oil. Investors looking to beat the recession in the next decade might want to consider hitting the open range and starting a sheep farm. In 2010, Australian rams began selling for more than $100 a head for the first time in history as dwindling stocks sent mutton prices soaring. The U.N. Food and Agriculture Organization is forecasting a 300,000-ton shortage in the global lamb supply over the next five years. That’s bad news for the growing number of consumers in the Middle East and Asia with a taste for lamb, but a windfall for long-struggling farmers in Australia and New Zealand, the world’s two largest sheep producers.
