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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (33515)	5/11/2003 10:58:42 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 74559

Kastel, The Canadian farmer has access to the same technology as the US farmer. The US farmer has had a more difficult time economically relative to the Canadian farmer during the last few years with the US dollar flying and the Canadian cheap dollar. There has been a large wash out of farmers in the US that depended on debt. The US farmer that is left standing is farming large acreage to maximize the return on invested capital and is debt free. Also, the US farmer has fairly nice subsidies from the government and I do not know what kind of support the Canadian farmer gets from their government. Taxes for land under cultivation in the farm belt states are reasonable. I have no idea what the US/Canadian exchange rate would be for the farmers to reach parity. Edit. I expect we will know when parity is reached as you will start to see Canadian farmers in bankruptcy court like we have seen here in the states for the last decade.