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Posted on 07/28/2014 9:06:55 PM PDT by blam
Leslie Baehr and Skye Gould
July 28, 2014
Many factors could drive certain food costs up radically in the future. It could be as simple as soaring demand from new markets. It could be as complex as the effects of climate change rendering farm fields too hot or try or spreading plant-destroying pests to new areas.
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(Excerpt) Read more at businessinsider.com ...
Yes it’s climate change - not the infusion of trillions of dollars not supported by economic output.
If climate change is supposedly driven by increased CO2, a natural plant food, wouldn’t plants grow better? A warmer climate would also push the breadbasket of the US further north. Heck according to Al Gore oranges should be growing in northern Minnesota by now. Could higher food prices also be caused by turning 40% of our corn crop wastefully into worthless biofuels?
I’ve got 2 of 3, so far! LOL.
“Dog have masters; cats have staff.” LOL.
She had quite a run.
Decommissioned in 6/74
Farming is very difficult in Tx.
Harder now because I had the roto tiller out for repair and some ahole stole it.
Here it's because the railcar manufacturers can't find enough capital to manufacture new railcars, the railroads can't find enough capital to add more track to their existing lines, buy more railcars, and buy more locomotives to haul them. There are capacity issues here that have nothing to do with government beyond our predatory tax structure.
Wall Street has timelines that go no more than five quarters into the future. This is why railroads can't perform long term planning. Good long term planning would have a short term negative effect on their bottom line that would lower their share price. This is anathema to Wall Street.
The one railroad that has managed to escape this trap is BNSF, which is now totally owned by Warren Buffett. Management in Fort Worth has to keep Buffett happy, and what Wall Street has to say matters not at all. Buffett is all about the long term. He has put together a team on the ground in North Dakota to do long term planning on how to carry Bakken oil on his railroad without affecting everything else. BNSF is ahead of the pack in ordering railcars and locomotives.
While it's familiar, this time the villain is not government.
I forgot the 2 year supply of Teriyaki Beef Jerky.
You need to expand your vision a bit.
If Keystone XL was approved (currently blocked by GOVERNMENT), then the rail capacity that is currently taken up by oil cars, would be available for crops. It's simple really, and YES, the government is culpable.
While the pipeline was being built, there would still be the same capacity issues with the railroads. The pipeline would eventually end the railroad capacity problems. As long as the pipeline is being blocked, the railroads profit, even though that creates capacity issues.
Does BNSF own 40% of Amtrak? Seems i read that somewhere.
In which case the huge subsidies for rail passenger lines, also lines the pockets of BNSF to that extent. Sweet deal if so. Right up obamaumao’s infrastructure alley so to speak.
My 19-year-old cat really enjoyed slices of Virginia Baked Ham. Gave some to him for his last meal. Oh what a horribly sad day:( But at least he left with his belly happy.
Years ago I had a conversation with BNSF's VP of Passenger Operations, and we had a good laugh about the stock when I suggested BNSF use it to force liquidation of Amtrak.
BNSF, however, uses Amtrak as a profit center. Every year Amtrak pays BNSF around $7 million to keep their trains on time. However, this serves another purpose.
Every morning, the Passenger Ops VP gets a printout of how well the railroad has serviced Amtrak. This report tells him how well his network is flowing. It's like the canary in the coal mine. If Amtrak is late, it means that there are other problems in the system. If so, that printout is buck-slipped to the other VP's at Fort Worth so they can see where the problems are and what can be done about them.
In that sense, Amtrak is a useful tool for BNSF.
LOL. High prices cure themselves. Why are you posting BI click bait?
Interesting. The federal subsidies for Amtrak then also serve to support payment to BNSF. Very sharp of BNSF to use the
system that way. Know the stock is worthless, but just wondered how the subsidies (advocated by the lobbyist groups of lefties and rail passengers and unions)featured in the ownership.
Like a lot of billionaires— they learn to glean subsidy and tax benefits for their portfolio. A much easier way to make money is stick it to the taxpayers. Just like the banks and TARP and fannie and freddie. My mind this makes these people basically thieves. Nothing to do with “investment” no matter how you slice it.
In a brilliant speech, Ronald Reagan said exactly that— CO2 increased level would increase plant/tree growth which would increase O2 production.
Reagan’s common sense showing brightly.
For stupid people like you to click on it.
I’m smart, Blam, I didn’t click on it. As soon as I see Business Insider or BI I know it’s garbage. ;-]
Exactly correct!
I read something yesterday that globull warning is causing the ebola outbreak. Don’t forget the earthquakes, too.
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