Farming is another industry where almost everything can be securitized. A dairy farm may own or rent the acreage for growing its feed and related equipment or

Farming is another industry where almost everything can be securitized. A dairy farm may own or rent the acreage for growing its feed and related equipment or may buy it on the spot or futures market. May own, mortgage or rent its milking equipment. Every country’s subsidies work differently, and it’s a bit opaque since everyone claims they’re hardworking and don’t get/need subsidies, but sometimes they’re even securitized and bought/sold. So as each farmer makes its own bets/hedges, there are winners and losers when interest rates go up or down, feed goes up or down, land value goes up or down. So the story of the “farmers going bankrupt, we need more subsidies” will never end. In Canada, becoming a new dairy farmer requires you to buy $$$ “quota” from an existing farmer. Possibly they grow organically as demand grows too.