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that there are objective reasons, but I can't help but be suspicious of the percentage of agro-industrial PR included in the price increase.  When a subject becomes a sudden wave of news everywhere, I know part of it is BS and/or a distraction from other issues.

It has been a long 6 years... and I trust very little.

Our knowledge has surpassed our wisdom. -Charu Saxena.

by metavision on Thu Sep 6th, 2007 at 01:57:43 PM EST
[ Parent ]
I live on the northern edge of the corn belt.  I have lived around real farmers my whole life.  I consider as a good friend a farmer who got 240 bushels of corn per acre last year on his land.

This is not enough to make me an expert, but here's my report.

The agriculture system on planet earth is in BIG trouble.  Yes, yields have increased from around 35 to 225 bushels of corn per acre in my lifetime but these gains have come at horrific costs in soil erosion, depleted aquifers, the dead zone off Louisiana, etc.  The idea that there is another six-fold productivity increase using any imaginable methods is insane.

THEN there is the ruination of PRIME agricultural land for shitbox housing.  We are some of the most guilty people on earth around here.

THEN we have built only god knows how many oversized ethanol plants.  I recently heard a guy say that we have already committed the corn crops of Minnesota, Iowa, and Nebraska to running our cars.

Save your skepticism for subjects MUCH more likely to need it.


"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Thu Sep 6th, 2007 at 03:17:36 PM EST
[ Parent ]
That rundown of major world producers shows there really are objective supply problems at a time of rising demand.

But I also said there are people, one way or another, playing the market. That may include banging the media drum.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Sep 6th, 2007 at 03:18:24 PM EST
[ Parent ]
Of course.  That is ALWAYS the case.  You have a real problem that is multiplied by the speculators.

Just keep in mind that there are REAL and VERY serious problems with agriculture.  NO ONE is faking those.  In fact, they will be ignored.  As long as the speculators make money, the turmoil in agriculture will not be considered a serious problem in our pig-ignorant media.

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Thu Sep 6th, 2007 at 03:36:25 PM EST
[ Parent ]
it just reminds me of the cree indian poster you see on loads of hippies walls

Only when the last tree has died and the last river been poisoned and the last fish been caught will we realise we cannot eat money.

~Cree Indian Proverb


Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Thu Sep 6th, 2007 at 03:43:46 PM EST
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