Posted by oldtanker on October 09, 2018 at 05:30:49 from (66.228.255.59):
In Reply to: Understanding basis posted by rrlund on October 08, 2018 at 05:58:03:
Basis has been around a while. I remember it being a topic of discussion back in the 70's.
As far as the price of beans because of the trade war? A grand total of just over 2% of the US population farms or works in a AG related industry. That's it. Just over 2%. Think about numbers guys. When they tell you that plus or minus 32,000 Americans die of gun shot wounds on average. That's about .009% of the population. Now minus the suicides, ligit police, self defense and accidental shootings you have about 9000. Now were are down to about .002% of the population. So when you say a quarter of a million that sounds like a lot. But it's .07%. Now not trying to marginalize farmers in general but the greater good thing kicks in here. Do you mess over 100% of the population (because bad trade deals affect us all) or .07% for a short time period?
So as they used to say in the military, suck it up and drive on buttercup!
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