Posted by MF Poor on April 21, 2008 at 07:18:53 from (66.64.181.106):
In Reply to: Re: getting raped posted by mark on April 21, 2008 at 06:12:57:
Brazil, all alone, all on their own, is right on the verge of passing the US in soybean production. They already exceed us in several other Ag commodities. Then throw Argentina in the mix. Even the Saudi's are growing wheat nowdays. We still hold a sizable portion of the worlds food production, but, nowhere near what we once did. If we sell enough to glut the world markets, what do you suppose that will do to US food prices?
Then consider IRAN, or any other middle eastern country can buy enough food from any number of sources that they don't need what we have. Currently, they can even buy it CHEAPER from a dozen other countries. We DO however, currently need what their region has. (oil) We don't hold all the cards anymore. That arguement WAS valid 25 years ago. It's past history.
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