It is even more complicated than the author suggests.
Seed licensing is becoming a serious issue. The recent laws concerning plant variety protection have made it a legal nightmare to try and comply with.
Some parts of Texas have what I estimate as 50% crop failure due to the drought this year. And parts of Oklahoma have near 40% crop damage due to late freeze damage.
This will translate to at least regional short supply of planting seed for this Fall’s crop.
You can no longer simply buy seed from the elevator to plant next years crop. It never was a good idea from a quality standpoint, but now there are legal liabilities in doing so that are very serious.
I look for wheat prices to be much higher this fall, after the harvest. Historically the traders understand the supply trends, and few of the producers have storage capability.
This coupled with the financial trainwreck, this will not be business as usual.
Yep...Monsanto is screwing everyone...the entire world. What’s going to happen when we genetically alter our crops so much that they own everything?
Thank you for the input. Another problem is the disappearance of honeybees necessary for most crops to pollenate and even exist. If you Google “bees” and “disappearance” you will see another horror show happening to the food supply of the world.
http://www.independent.co.uk/environment/nature/are-mobile-phones-wiping-out-our-bees-444768.html