by Pops » Fri 22 Jul 2011, 15:17:24
I don't really know why I respond to your trolling...
The markets think it was bad enough to add at least ยข50 each to corn beans and wheat prices the last couple of weeks. Cattle are being taken off pasture early and sent to slaughter and calves to grow-lots, meaning even higher demand for corn and way higher prices for beef, pork, chicken within 6 months. Milk production can drop 50% in a drought and rate of insemination to only 10-20% meaning higher milk prices right now and higher prices in a couple of years. The USDA says this setup may redevelop.
The one thing I've found about people who come here and say things like "disaster averted" is they wouldn't know disaster if it looked them in the eye. This is no disaster for people who have no trouble paying for food but for many Americans and a majority of the worlds population that depend on a large harvest from the US Midwest to keep food prices low, this summer could well be a disaster.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)