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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: bond_bubble who wrote (59033)	4/21/2006 5:45:10 PM
From: patron_anejo_por_favor	Read Replies (3) of 110194

Although I agree that the Real Estate bubble has distorted land usage throughout the country, Shades' contention that ag output is heavily dependant on oil is still valid. Plowing, planting, harvesting, irrigation....all require heavy amounts of diesel or gas in the US. Try doing that stuff by hand, or mule-drawn plow, productivity goes way down (which was why farmers were "early adopters" of internal combustion technology). In addition, fertilizers are made from natural gas, and pesticides from petrochemicals. Not to mention transport from farm to processing location to grocery store to table. Take away those sources and you've got a hell of alot of starvation worldwide. It's probably Kunstler's favorite theme in The Long Emergency..... When oil does get too scarce to run tractors, combines and the like or to move farm output to people, the people will have to countermigrate back to the country, and/or die-off. I'm seriously considering an investment in farmland right now (any reco's from boardsters would be appreciated by the way....)

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