Millionaires Dig Dirt as Czech Farm Boom Spawns Fund - Bloomberg:
"Martin Burda gave up managing $8.1 billion of securities at the Czech investment arm of Erste Group (EBS) Bank AG for something that’s produced better returns than stocks and bonds: dirt.
Burda, 43, last month helped start Cesky Fond Pudy, the first investment company targeting Czech farmland. A second fund is raising money as soaring agricultural profits drive a surge in land values that contrasts with the country’s stagnant stock market and near-zero yields on government bonds.
“Czech farmland is among the least expensive in Europe and it offers a conservative investor something that’s very hard to come by these days: safety and a good yield,” Burda said in an Aug. 8 interview in Prague. “Profitable farmers mean upward pressure on land prices.”"
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