Ned Schmidt: The Drought Is A US Story, Not A Global Story

Jim welcomes back Ned Schmidt CFA, publisher of The Agri-Food Value View Report. Ned sees the drought conditions affecting the market for grains in the US, but not globally as there is no current shortage. In addition, Ned notes that the US farmers are being hurt by the strengthening US dollar, as importing countries such as China can buy corn or soybeans cheaper from grain exporters such as Brazil. Ned also discusses the agriculture stocks he likes the best currently.

Ned is a financial engineer specializing in global capital flows. He has been an advocate and practitioner of value oriented investing for thirty years. Ned began his investment career as a security analyst following the oil industry in the early 1970s. In the 1980s he was manager of an investment management group with discretionary responsibility for about $3.5 billion. During the past decade he also taught institutional investment management as The Roland George Visiting Professor of Applied Investments at Stetson University. He currently manages the Argyle Global Equity Appreciation Fund, an offshore mutual fund in the top quartile of global equity funds the past three years by Standard and Poors. Ned currently publishes THE VALUE VIEW GOLD REPORT, and writes for THE GLOBAL ADVISOR published in Toronto.