Mozambique farmland is prize in land grab fever

In these days of financial uncertainty, the hot new investment tip is farmland.

This spring, 750 Wall Street types crowded into New York's Waldorf-Astoria Hotel for a conference on investing in global agriculture. Philippe de Laperouse, managing director of HighQuest Partners, which organized the event, says those investors started out just looking for a safe haven for their money. But with food demand up and future production uncertain, many of them have caught the scent of future profits.