Re: O/T the price of corn

Posted by P Backus on February 19, 2005 at 08:33:11 from (66.181.141.7):

In Reply to: Re: O/T the price of corn posted by ericlb on February 19, 2005 at 07:08:11:

I'm not too qualified to answer that, but it's
never stoped me before! You're right that the
law of supply and demand would make prices
go up if we grew less corn or whatever
crop.The thing is, it's such a global market that
other countries would simply pick up the
slack. If North America grew half the corn in
'05, for example, prices would rise and the
southern hemisphere would plant more corn
in October, which is their spring. Also, getting
all of us grumpy farmers to go the same
direction at the same time would be tough. For
example, if I grew half the corn in '05, prices
would respond in '05 as well and my neighbor
would say " great, my corn is worth more now".
So someone would profit, but not the people
making the sacrifice to grow less crop.
Anybody out there have a different take on the
subject?
Some people say that the best way to raise
crop prices is to develop as much farmland
into suburbia as possible, thus making less
crop and raising prices. Aaarrrrgggg! One of
my pet peeves. Development is a real
problem in my area. It's hard to get started
farming when the neighbor, who farmed all
his life, wants $5000 to $10000 an acre. Let's
just buy all our food from China, shall we?
Sorry for the ranting.
Paul

Follow Ups:

• Re: O/T the price of corn Animal 10:45:55 02/19/05 (1)
  • Re: O/T the price of corn ericlb 16:36:25 02/19/05 (0)

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