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Tue, 17 Apr 2018 06:57:05 -0500 |
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a Jim Fisher snip followed by > my comments
Anyone who has farmed any acreage is well aware of the yield issue with
Round-Up Ready varieties, and the net yield is exactly the bottom line
consideration for anyone looking at trying to make a buck in farming.
>First for clarification Jim the bottom line in it's simplest form is (yield X price) - expenses. < I am guessing you know that!
>Often overlooked by primary producers are a couple of unrelated factors. 1) raw agricultural products are what we use to call 'inferior goods' in economics < basically this mean at the cumulative level there is an inverse relationship between total yield and revenues. This is often a difficult idea for the individual producer to understand. Ie that producing more at the gross level means they have worked harder but made less.
>Most any large ag supplier with a competent engineering and economic expertise has already work in any $ advantage a product represents in the initial price. Does not really matter if you are talking about ag chemicals, equipment or seeds.
>At the end of the day the farmer can grow more with products like roundup but there are certainly overlooked social and economic consequences for doing so < ride up thru the midwest and see all the boarded up little farm community which is to some greater or lesser degree about fewer and fewer folks to support these local communities. Big ag, big tractors all looks so appealing until you look at it's social cost.
Gene in central Texas
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