Eclectica discovering value in agriculture

Ex-Odey manager George Lee believes agriculture companies boast greatly improved returns after 35 years of underinvestment in the sector

Eclectica's George Lee believes agriculture companies are boasting significantly improved earnings, particularly in livestock, after 35 years of underinvestment in the sector. The former Odey investment analyst, who moved over with the group's founder Hugh Hendry, currently runs the Eclectica Agriculture fund. He said although January is a quiet month in the space, prices for most soft commodities have continued to trend gently upwards, with only cattle and cotton failing to record gains in the month. "Winter wheat crop is sown in late autumn, so we do not get information about planti...