Betting the farm ... on the farm
As investors tire of Wall Street's roller coaster, more of them are plowing their money into land -- farmland.
Few people understand this shift better than farm manager Carl Evers.
On a recent morning, Evers steered his pickup truck through a Central California almond grove, his drawling sales pitch at the ready. Evers is co-founder of Farmland Management Services, which runs about 30,000 acres of nut groves, fruit orchards and wine grape vines for a Boston investment firm. Sunburned and stocky, tugging down his wide-brimmed hat, he talked about how farmland -- and the food it produces -- is the safer bet these troubled days. Read more in today's Business section:
Photo: Carl Evers checks almonds near Bakersfield. His company manages about 30,000 acres of farmland for a Boston-based investment firm. Credit: Brian van der Brug / Los Angeles Times.