Mosaic: Feeding on Higher Prices, But Outlook Is Scrawny [View article]
What Prokopanko did not want to say is: We priced our product so high that the farmers did not buy, and now our storage and transportation facilities are full. We are trying to maintain the (artificially) HIGH prices, by cutting production. In the long run we know this stuff will sell, we are just not sure at what price the farmers will be willing to pay.
Thats the real world quick and dirty summary
Yes, food supply will be needed, the question is: Will the world be able to buy it? What will the dollar be worth,along with all the other currencies of the world?
And, what is the alternative? Worldwide starvation?
Mosaic: Feeding on Higher Prices, But Outlook Is Scrawny [View article]
In the long run we know this stuff will sell, we are just not sure at what price the farmers will be willing to pay.
Thats the real world quick and dirty summary
Yes, food supply will be needed, the question is: Will the world be able to buy it? What will the dollar be worth,along with all the other currencies of the world?
And, what is the alternative? Worldwide starvation?