Due to the globalized rise of Asia, there are now a billion new consumers in China, India, Japan, Taiwan, and South Korea, with money to buy California fruits, nuts, beef, and fiber. And while the state’s students have never been more unprepared in science and math, California high tech farming—run by just a few thousand entrepreneurs—has never been more sophisticated and ingenious. Never have there been so many new hybrid species of trees, vines, and row crops, never so much mechanization and replacement of manual labor, never so much sophisticated computerized irrigation and fertilization. Just when I think no more production can be squeezed out of an acre, no more markets can be found for yet another 1,000-acre block of almonds or pistachios, no more new machines can figure out how to eliminate labor, prices keeps soaring and the profit margins keep growing—and in a government induced depression no less.
Agriculture is doing well. Next time when you are in the supermarket, getting upset about food prices going up, remember that nowadays the entire world is trying to buy the same food, and has the money to pay for it. |
