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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (3966)	6/3/2001 4:23:06 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Hi David, Regarding agriculture, you state: The sector with one of the highest labor and TFP productivity growth rates in the US economy has been agriculture. As it is a very competitive industry all the benefit has been passed onto consumers. Nothing could be further from the truth, IMVHO. When I go to the local supermarket to buy a loaf of bread, I'm paying on average about $2.50 per loaf, a benefit I don't consider cheap. The cost of the wheat/other grains in that loaf of bread to the baker is about 7 cents. For the life of me, I can't see how the plight of the farmer is benefiting me at all. I see tremendous inefficiency and high profits in the hands of the middlemen and merchants who have interposed themselves between the consumer and the producer of ag commodities. So, we can agree to disagree on who is benefiting from the present distribution scheme. :) Best, Ray PS: TFP = ? - I assume it is not "Tax Form Processing" <w>