| novaman - 3/13/2013 10:10
Last time I checked the price was set based on the balance of supply and demand. How exactly does the market set the price?
I'm saying the same thing in different words, I was answering the comment about how it's the consumer that fixes prices. It's not. It's that balance or market that fixes the prices.
novaman - 3/13/2013 10:10
Further, you suggest ending free trade. Do you have any idea how critical trade is to this country?
You mean to Walmart and to destroy all production jobs by offshoring them? ;)
Free trade between a competitive country and a wasteful one is justified, but if the competitive country has a similar productivity and is cheaper only because of cheaper labor, there should probably be a tariff on their goods, it should be free and fair trade. No doubt this is a very simplified view and other factors are at play, it's just my gut feeling. Talking about fairness, many third world countries who can grow wheat have been importing it.
novaman - 3/13/2013 10:10
Yes we are all making a killing off crop insurance. You do realize that many times crop insurance won't even cover the inputs we have in the crop. As far as making a fortune on a good year, this seems to be the view of most city folk. We farmers get so rich when we have a good year that we have no idea where to spend the money first.
You misread me, crop insurance only allows farmers to survive the year, and I mentioned that "fortune" only for large farms, i.e. thousands of acres in size, who on a good year make maybe half a million dollars in profits per 1,000 acres at $8 a bushel. OK, only a "small" fortune by today's standards.... |
"It's time to rethink America's corn system"
