LONDON (Reuters)- Investment bankers often aspire to be gentlemen farmers, but now farming could soon become their day job.
Soaring agricultural prices, growing demand for biofuels and the growth of the Chinese and Indian economies are leading top global investment banks to buy farmland in a bid to embrace the physical commodities market.
Investment banks and hedge funds are mopping up vast tracts of agricultural land around the world, hoping to ride the so-called "commodities supercycle" that has lifted prices of everyday agricultural commodities such as wheat, rice, soybeans and corn to record highs.
U.S. investment bank Morgan Stanley has bought several thousand hectares of land in Ukraine, Europe’s grain basin.
