by Pops » Thu 01 May 2008, 19:18:09
I think there may be bigger problems for producers adapting to higher feed prices in the next couple years baring something big changing.
Hog farmers have had it pretty good for a while and hopefully have some capital to draw from, I'm not so sure about poultry and egg producers though. Dairy is still up but mostly supported by exports of cheese, whey, etc.
The deal is the processors (Tyson, Cargill and the rest) only own the plant but the farmer has the investment in the origin of our food. He based his budget on his contract but when the books don't balance...
I doubt anyone who can see this post will starve in the next 5 years, but I bet they will pay lots more for food and most everything else they choose to buy. I heard today the average expenditure of food and energy has gone from 10% to 17%, and I would guess it is not done rising.
For the people who can't post here, I'm thinking jack may be right. Again baring some big change but I couldn't begin to guess to what extent.
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)