A major investment company is tipping a global agricultural boom similar to the resources sector, thanks to pressures from population growth, increased wealth and a drop in available farming land.
Deutsche Bank is forecasting a big jump in food prices and an increase in profits for agricultural business.
Bill Barbour from Deutsche Bank says nearly every commodity boom in resources is followed by a similar boom in rural commodities.
"We expect this to continue quite frankly because there's going to be this competition for biofuel versus food and that's going to lead to dwindling amounts of land that's available for food and we would see further escalation in the price of food," he said.
"That's why we think this is not just a cyclical thing, this is a secular trend, this is something that's already started in the last couple of years and it's going to move on."
