Most people would say investing in agriculture and timber is, by definition, ethical. Surely, they would argue, products and companies that help to feed the world, and build shelter have to be a good thing?
Not necessarily. It depends what you mean by "ethical".
There's a rash of new, and not so new, agricultural and soft commodity funds on the market, vying for retail investment, to harness the upswing in soft commodity prices such as corn, wheat and soya.
These are on a bit of a roll. Corn went from $2.57 a bushel in 2005, to around $3.83 now, having reached $4.30 earlier this year.
Many believe there's more to come. James du Boulay, head of sales and marketing at Eclectica Asset Management, says there are also signs of the beginning of a commodities supercycle, and over the next five to 10 years investors could make a huge amount of money.
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