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How falling pot prices killed a 3rd generation family pot farm
SF Gate ^ | December 14, 2022 | By Lester Black

Posted on 12/14/2022 7:54:10 AM PST by Oldeconomybuyer

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To: Oldeconomybuyer

It doesn’t matter what you farm. If everyone expands into your crop niche, prices plummet from the increased supply and if you’ve overextended yourself with debt to buy the inputs for the hot new crop, you are gonna go bankrupt.

Dumb or lazy farmers don’t last long and even really good farmers suffer from uncooperative weather and government regulators.

Yet the elite still think they know more and can tell farmers how to farm with their “sustainable” BS.


41 posted on 12/14/2022 9:27:54 AM PST by Valpal1 (Not even the police are safe from the police!!!)
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To: Oldeconomybuyer

Cartels own that business you don’t have a chance in that racket.


42 posted on 12/14/2022 9:33:38 AM PST by Vaduz (LAWYERS )
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To: Oldeconomybuyer

Leftard run Govt giveth and leftard Govt taketh. The pot growers most likely vote DemRat so they are reaping the results of more regulation and taxes. See how that works you Rat voters? You do the hard work, (those of you who produce) and your glorious Rat run Govt prospers off your revenues. Can’t make the business work under their rules? Too bad, they don’t give a stoned Rat’s ash about you. But you keep voting Rat like the morons who do.


43 posted on 12/14/2022 9:45:45 AM PST by tflabo (Truth or tyranny )
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To: HartleyMBaldwin

IDK; I’m just going by what I read back in the day in Rolling Stone.


44 posted on 12/14/2022 9:47:00 AM PST by Albion Wilde ("There is no good government at all & none possible."--Mark Twain)
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To: calljack

Commoditization. The price will descend to somewhere just above cost of production with a larger margin for “custom” versions of the product.


45 posted on 12/14/2022 9:47:05 AM PST by glorgau
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To: Albion Wilde

As an example of doper math, it wouldn’t really surprise me.


46 posted on 12/14/2022 9:50:09 AM PST by HartleyMBaldwin
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To: Scrambler Bob
>That extends way back before legal growing, right?

Most likely they'd grown other crops the pre-legal years and thought they were going to making a killing switching to what they'd anticipated would be a higher value crop in legal pot. Until they found that government could ruin that too. They're free to revert to their previous crops. Or at least are free presuming that the state will allow them enough water to grow them (which is like much less water than that required to grow weed.)

47 posted on 12/14/2022 9:51:45 AM PST by JohnBovenmyer (Biden/Harris a events are called dodo ops)
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To: T-Bird45

“ Hmmm…can’t seem to identify the real problem here.”

Maybe, just maybe some people have decided they’re already stupid enough.

Nahhhh


48 posted on 12/14/2022 10:56:31 AM PST by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: Scrambler Bob

Yea, I caught that too. Legal growing hasn’t been going on for 50 years, so where is this 3rd generation crap coming from.


49 posted on 12/14/2022 12:38:23 PM PST by packrat35 (Pelosi is only on loan to the world from Satan. Hopefully he will soon want his baby killer back)
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To: DPMD

Lol!


50 posted on 12/15/2022 12:55:58 AM PST by Lizavetta
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