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Global Food Crisis 2010 Means Financial Armageddon
The Market Oracle ^ | 12-27-2009 | Eric deCarbonnel

Posted on 12/27/2009 3:28:50 PM PST by blam

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To: blam; FromLori
The upcoming problem with food isn't production per se, it's transportation.

Land and sea shipping business is dying rapidly in the background. When they go under, the fleets are mothballed and unable to be re-activated easily.

All US grain is effectively transported on 2 rail lines.

A failed harvest is the least of our problems (and that is likely given the solar minimum we're in).

Get fat while you can.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

21 posted on 12/27/2009 4:21:45 PM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: PeteB570
There are some asian countries that got lots of rice but it’s the US that feeds the world.

I hope America can be thankful to God for this blessing! If we forget God is the Provider then God help us!
22 posted on 12/27/2009 4:23:22 PM PST by RushingWater
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To: GeronL
Yep, and it is not only in the US. Other countries are following suit. Brazil is the second largest.

“World’s Ethanol Production Forecast 2008 - 2012” -- According to the MarketResearchAnalyst.com information the top five ethanol producers in 2006 were the United States (4.855 billion US gallons per year (bgy), Brazil (4.491 bgy), China (1.017 bgy), India (0.502 bgy) and France (0.251 bgy).

23 posted on 12/27/2009 4:23:40 PM PST by kabar
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To: Ruy Dias de Bivar

The US CAN grow more food than we eat, but we choose to ferment and burn it instead. The US is now a net importer of food.

If you don’t believe me, go to the produce aisle and check the labels.


24 posted on 12/27/2009 4:28:06 PM PST by Qout
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To: blam

We are culling out the dairy herds out here in California. Too much milk. Agriculture in the US is still operating in the realms of weak markets and over production.


25 posted on 12/27/2009 4:30:43 PM PST by artichokegrower
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To: blam

Luckily, we’ll all be enslaved by the Goa’uld before the food crisis hits...


26 posted on 12/27/2009 4:32:32 PM PST by pabianice
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To: blam

Yup. He posted this on MarketSkeptics a few days ago.

I stocked up with abt 20lbs of dried goods, and a bunch more canned stuff today.

Had a yummy lunch (of the type I might eat if the SHTF) of pan fried egg noodles, with home grown Oregano, covered with beef gravy and peppercorns.

So I stock up on food and then the SHTF and all the yokels who spent their money on HDTV and Ipods come up the hill...

Life ain’t fair, I tell ya!!


27 posted on 12/27/2009 4:33:10 PM PST by djf (Invest now! Buy paper! Earn interest! That's more paper!! (A little soy sauce and you CAN eat it!)
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To: Qout
The US CAN grow more food than we eat, but we choose to ferment and burn it instead. The US is now a net importer of food.

That's a steaming pile.

The American Farmer produces FAR more food than we can eat, and has done so for more than 50 years.

We can waste our food production resources growing 'natural' foods, we can burn our food sources to heat our homes and power our cars, and STILL have mountains and mountains of surplus.

See my tagline.

28 posted on 12/27/2009 4:35:00 PM PST by Balding_Eagle (Overproduction;, one of the five top worries of the American farmer.)
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To: Qout
I should add, we can PAY our farmers NOT to produce, and STILL we have montains and mountains of surplus food and feedstuffs.

Pork is a good example. Due to a surplus of corn and other feedstuffs, for the past 6 months the surplus of pork has grown to a unbearable level, driving many pork producers into bankruptcy

29 posted on 12/27/2009 4:39:43 PM PST by Balding_Eagle (Overproduction;, one of the five top worries of the American farmer.)
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To: kabar

Brazil gets theirs from sugar, which is apparently several times for efficient an ethonol source than corn.


30 posted on 12/27/2009 4:45:09 PM PST by GeronL (This is a tagline)
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To: GeronL

Regardless, it still diverts land usage for crops that feed people to produce fuel.


31 posted on 12/27/2009 4:52:31 PM PST by kabar
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To: Josephat

If he does the people will serve him up on a platter with an apple in his mouth.


32 posted on 12/27/2009 4:55:15 PM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Balding_Eagle

33 posted on 12/27/2009 4:56:38 PM PST by kabar
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To: Balding_Eagle

I stand corrected. Last year the US exported $96 billion in agricultural goods while we only imported $73 billion.
http://www.ers.usda.gov/data/fatus/monthlysummary.htm


34 posted on 12/27/2009 4:59:18 PM PST by Qout
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To: Qout

And that’s with a hard throttle placed on the American farmer.

Every farmer I know could ramp up production 10%, and do it for the 2010 crop.

Give him a serious financial incentive, and 15% for 2010 isn’t out of the realm of possibility.

By 2015 we could have some serious increase in production.

by 2020, it could nearly double from what is produced today.

The blessing of capitalism is alive and well in the American farmer


35 posted on 12/27/2009 5:24:28 PM PST by Balding_Eagle (Overproduction;, one of the five top worries of the American farmer.)
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To: kabar

Thanks, a good visual of the self induced scourge of the average farmer.

The government uses, and fine tunes, that huge production to hang over the head of the farmer, limiting his downside risk, but keeping him captive to a limited profit margin.

That’s why most farmers have a family member who has an off-the-farm job.


36 posted on 12/27/2009 5:34:35 PM PST by Balding_Eagle (Overproduction;, one of the five top worries of the American farmer.)
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To: hennie pennie

*bookmark*


37 posted on 12/27/2009 5:40:55 PM PST by hennie pennie
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To: Balding_Eagle

And that is not counting the CRP contracts that are ending. Piles and piles of corn and milo on the ground because the bins are full....If one wants to know what the weather is sometimes it is best to step into the real world.


38 posted on 12/27/2009 5:48:25 PM PST by Dust in the Wind (U S Troops Rock)
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To: blam

I’ve been stockpiling cannes goods and also making sure I have lots of flour onhand. Looks like I might want to get busy and make sure I have more than I do now.


39 posted on 12/27/2009 6:11:59 PM PST by chris_bdba
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To: Balding_Eagle

Thanks Balding Eagle.


40 posted on 12/27/2009 6:13:31 PM PST by MonicaG (Thank you to our military & veterans, with love & gratitude. XOXOXO)
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