(April 8, 2020 at 12:37 pm)The Grand Nudger Wrote: As an explicit reference. A single acre of ground under indeterminate tomatoes in the state of kentucky produce, on average, 95k USD worth of product....and yet, that same acre of that same cropland in kentucky actually yields an economic return of less than 3K USD.
We don't want the price of these commodities to mirror their rational value. We'll do very nearly anything, and agree to very nearly any deal, which rejects their un-adjusted value.
-with regards to china and pigs..Anom (iirc) explained this a few months back in a post. Imagine a president who had to explain why there were no turkeys for thanksgiving. Xi Xinping would be in this predicament if they failed to procure pork. Therefore..........pork is a loss leader for government - in china.
Exactly. Xi is more than happy to lose money buying pork if doing so prevents food riots. Or failing that, millions of dead Chinese.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
