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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: redwood who wrote (6535)8/7/1998 11:20:00 PM
From: Kirk ©  Read Replies (2) | Respond to of 42834
 
Nothing wrong with farming. It is hard work and it is a wonderful part of our history. Hard work is not inclusive to farmers. What about designing and building semiconductors or drilling for oil.....
You think farming is risky, how about sinking a few million into a hole and hope to get a gusher out of one in five or something like that?

For semiconductor design - Many regular and experimental mask sets cost $100K or more. It took about five times for several of the ICs I've worked on to get to final masks.

Want to build a new Rf transistor for your communication needs in 2001? The EBeam reactor to build those devices costs about $6,000,000. Then ya got to hire people to run it and design parts on the process.

My point remains "Why are farmers and mostly big argibuisness deserving of subsidies and price protection?"

side question: Could your friend have eliminated his risk by selling his crop in the futures market? Sure he would have not had the option of making as much, but he wouldn't have gotten nothing either. (I could be way off here so forgive my ignorance if I am). If he did have this option, then he gambled and lost.

regards
Kirk out




To: redwood who wrote (6535)8/8/1998 1:32:00 PM
From: Trebor  Respond to of 42834
 
>... farming is hard but satisfying for those who like it!!!as long as they don't go bankrupt first.... redwood<

Which reminds me of the old story about the farmer who won a million dollars in the lottery. When asked what he'd do with the money he said, "I guess I'll just keep farming until it's all gone."