As Population Approaches Unsustainable Levels, Timber And Farmland Could Be Winners

While the US middle class has been shrinking in terms of net wealth, the emerging market middle class is ascending, a Bank of America / U.S. Trust division report notes. This trend is occurring as global population growth by the middle of the century could reach “unsustainable levels.” This demographic shift is among three powerful trends that will drive long-term demand for farmland and timber as an expanding population will increasingly compete for finite world resources. Slow moving megatrends towards emerging market middle class, climate change, population growth will drive the future Joseph P. Quinlan, head of market & thematic…