Daily Investment Tips

A green investing idea have come across is investing in a rooftop farm or garden. I first heard about rooftop farms in New York in a BBC program. At first i thought this was something new but after researching on the subject I discovered it is an idea that has been around for some time.

Rooftop farming is urban agriculture

Rooftop farms are cropping up on top of storied building in New York and across America. The farm owners are not just hobbiest, they are serious farmers trying to make a buck.

A good example is a group farm in New York called Brooklyn Grange. They were profiled in New York times. The group grow peppers, tomatoes and green vegetables. The vegetables are sold to local restaurants.

Making money in a rooftop farm

According to the team leader of the group, for such a venture to turn a profit you need a large space.

I noticed the members of Brooklyn Grange have to work as volunteers to cut cost. At the moment rooftop farming is still in its infancy, trying to find a business model that is profitable. The members of the partnership draw much satisfaction from doing something noble.

If you are interested in rooftop farming you may consider joining a  farm group partnership around your city. You may also start one but first make sure to know whether its legal in the first place. You don’t want to be breaking the law.

written by Constantine Njeru \\ tags: Bbc, Bbc Program, Breaking The Law, Brooklyn, Business Model, Farm Group, Farmers, Farming, Grange, Green Vegetables, Infancy, Local Restaurants, Making Money, New York Times, Partnership, Satisfaction, Team Leader, Tomatoes, Urban Agriculture, Volunteers

The consensus in wallstreet is that mortgage rates in US will continue to rise in 2010, 2011 and beyond.

According to this New York times article, this is what the analyst had to say:-

Bill Gross (he has made millions, NO! billions, investing in bonds) – It’s been a great thrill as rates descended, but now we face an extended climb.

The Mortgage Bankers Association expects the rise to continue, with the 30-year mortgage rate going to 5.5 percent by late summer and as high as 6 percent by the end of the year.

Morgan Stanley, are predicting that rates could rise by a percentage point and a half by the end of the year.

JPMorgan Stanley are forecasting a more modest half-point jump.

They cant agree mortgage interest rates will go up by how much but the consensus is up.

written by Constantine Njeru \\ tags: Bill Gross, Billions, Consensus, Half Point, Interest Rate, Interest Rates, Investing In Bonds, Morgan Stanley, Mortgage Bankers Association, Mortgage Interest Rate, Mortgage Interest Rates, Mortgage Rate, Mortgage Rates, New York Times, Percentage Point, Wallstreet, Year Mortgage, York Times Article