Page added on September 26, 2005
Walla Walla Union-Bulletin:
…“I’m not sure anyone is aware of it, but energy prices are quickly making the continuation of wheat farming questionable unless something begins to change soon,’ said Walla Walla County farmer Nat Webb.
Over a relatively short period of time, fuel prices have tripled and the cost of fertilizer has doubled, Webb and others said….
union-bulletin.com
Relatedly, I found this information recently on another board:
World grain stocks have been in decline for years – 1 in the last 7 had an increase. Since hungry people don;t make the market, it hasn’t responded:
FAS 2000 2001 2002 2003 2004 2005 2006
Wheat 208 206 201 166 131 148 140
Rice .147 141 137 107 86 73 66
Other 211 189 177 143 132 173 148
Total 566 536 515 416 349 394 354
Change -30 -21 -99 -67 45 -40
(compiled from www.fas.usda.gov/psd/intro.asp?circ_id=1, millions of tons in storage at end of year)
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