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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Joan Osland Graffius who wrote (33577)5/12/2003 10:13:44 AM
From: Raymond Duray  Read Replies (1) of 74559
 
Hi Joan,

Re: At the macro level farming in the US is a mature industry and will not grow.

On the contrary, I don't see statis. Almost all economic forces are lined up to make U.S. agriculture shrink on a gross production basis.

*******
Re: You can look at the actions of ADM and Cargill closing down their plants in the US over the last decade to the point where they will meet the local demand with a profit.

Hmmm, I couldn't quite finesse out the sense of what you are saying here. Could you please re-phrase what you mean? I seem to get that ADM and Cargill are "rationalizing" by closing operations. Is this the gist of it? Thanks.

*****
Re: They are opening plants in China and elsewhere to meet demands where growth is occurring and cost of production is cheap.

Wow. I knew Boeing is using subsidiary corporations of the People's Army to assemble tail sections of 777s but I had no idea that ADM or Cargill could find a niche in China. Interesting. Do you have any URLs to point to on this?

I found it very ironic that Boeing is strong-arming Washington State right now to build a new deep water port adjacent to its Everett assembly facility. Boeing has infinite chutzpah, and is apparently asking the State to subsize the development, which will, of course, make it easier for Boeing to bring in bigger subassemblies from overseas and fire more Washington employees. Like I say, globalization is going to be real mean. And not something that governments are going to be able to rationally confront.

-R.
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