Rogan seeks to take advantage of 'agflation'

The 'agflation'-inspired holdings include US-based Deere, the manufacturer of farming equipment. Rogan said: "Some farmers are clearly benefiting from rising commodity prices and are making hay while the sun shines, postponing retirement plans. "Unused to full pockets, farmers can be expected to invest in new agricultural equipment as the pricing gap with used equipment shrinks." He added that the US government's 2008 Economic Stimulus Bill would likely act as a further fillip to the machinery sector, with agricultural machinery, in particular, set to benefit. "A strand of the bill ...