The smallest corn inventories in 37 years are a sign farmers around the globe are failing to produce enough grain to meet rising consumption, even as planting expands and food prices surge.
Growers from Canada to Russia boosted annual output of wheat, rice and feed grain by 16 percent since 2000, not enough to keep up with the 20 percent gain in demand, U.S. Department of Agriculture data show. While a Bloomberg survey of 25 analysts shows the agency on Feb. 24 may forecast a 3.5 percent increase in U.S. corn planting, the government says world stockpiles will equal 15 percent of use, the lowest since 1974.
If all fails… stimulus packages, QE 1, 2...stop...
ReplyDeleteWhat would you do if you were broke, in a corner BUT still the strongest guy?
Well, looking for legal money is the only conclusion but where is the money?
It use to be in the banks… but...well, you know the story… but wait…. There is lots of Black Gold in the hands of weak, unstable characters with funny hats, some very old and/or speak gibberish.
Well, what are they waiting for...oh sorry they didn’t….therefore it may happen or it may be happening already that the strongest guy found a method to pay for these debts....
Whereas, corn, cotton, wheat ECT…may merely be a temporary obsession keeping folks busy being upset at ..???
Well and so it goes her on planet earth…Go ahead Scotty beam us up
"The law of unintended consequences".
ReplyDeleteMike Tidwell has been promoting Earth-saving corn-burning stoves for years, and even showcases one in his Washington DC suburban home.
ReplyDeleteRead the article: http://www.chesapeakeclimate.org/template/page.cfm?id=47
For information on how you can get your very own corn-burning stove, go here:
http://www.chesapeakeclimate.org/about/bio.cfm?id=2