I understand RFF is not in the business of producing food its in the real estate business like mcdonalds is not in the food producing business its a realestate business.
BUT......
Lets pretend everyone wants to be FIT and stops eating junk food and mcdonalds stops selling burgers, will mcdonalds the parent company, like that? because technically its not in the food business, but if people stop buying its junk food and eating celery sticks, mcdonalds stores would close because the leases wouldn't be able to pay rent to the McDonald parent company, so in turn mcdonalds profits would eventually slump, unless they cut the rent for each fast food outlet.
same goes for RFF, I know RFF don't produce food, they just collect the rent from the farmers.
Lets say people get coned into believing beef is bad for you, and they don't buy beef anymore, RFFS cattle stations stop making money obviously, each cattle station tells RFF sorry we cant pay the rent this quarter, either LOWER our rent or we go broke.
RFF refuses to lower the rent, the cattle stations kill their cattle and leave, and RFF is left with an empty patch of dirt, which DOSENT pay rent because there are no HUMANS toiling on that land
Which means that flows onto RFF shareholders because now RFF has to cut the divvy because earnings have fallen because cattle farmers are going broke because no one is buying beef anymore.
I get it, RFF dosent do any farming itself, but if its farmers don't make money, RFF dosent make money from collecting rent, so technically RFF DOES rely on the food/farming/consumer industry for its money.
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