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Non-Tech : Farming
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To: Elroy Jetson who wrote (551)3/16/2008 10:15:58 AM
From: Tommaso  Read Replies (1) of 4448
 
>>.Grain prices are tremendously higher than production costs. <,

This is typical in the early stages of very bad inflation. Farmers prosper mightily. But this does not mean that grain prices will come back down any time soon. Supplies are very tight, demand is increasing, and a crop failure anywhere in the world, in either north or south hemisphere, can only make things tighter.

Poor people will suffer most of all from higher food prices. Poor people in poor countries will suffer even more. Poor people in the poorest countries will die of starvation.

As recall, you believe in abiotic oil, that is, that crude oil originates from inside the earth and oozes upwards, and that we will therefore never run out of oil. Do you believe also that food crops somehow miraculously renew themselves?
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