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Very Hot Topic (More than 25 Replies) The Fall Of California - A Paradise Lost (Read 2055 times)
Billie
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Re: The Fall Of California - A Paradise Lost
Reply #150 - May 6th, 2018 at 8:51am
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Don_G wrote on May 5th, 2018 at 6:37pm:
Sure they will Craig. In the US the government quite often pays farmers a subsidy to produce food. Why do you think that would be Craig?
Cronyism and economic ignorance.

Did you know that during the Great Depression our "progressive" government bought food and destroyed it in order to keep food prices high?
  
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Billie
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Re: The Fall Of California - A Paradise Lost
Reply #151 - May 6th, 2018 at 8:56am
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The Opposition wrote on May 5th, 2018 at 7:53pm:
When demand increases, they earn the same amount of extra money by just raising prices as they would by producing more food.

Farmers can raise their prices all they want to, but if nobody will pay them $5.00/bushel for their corn, then they will just have to sell it for as close to the current market price as someone will pay them or feed it to their cows, or let if rot or try to store it until they can get $5.00/bushel for it.

Farmers, like anyone else with something to sell, can't just unilaterally raise prices... unless they happen to be a "regulated" crony business with a government granted monopoly.

BTW, farmers have to compete with other farmers, and it takes time to plant and harvest crops. You are right that when demand for a farm commodity exceeds the current supply, the price goes up, but the reason it goes up is that farmers are running out of the current crop to sell. They often all then plant the commodity that saw a price increase, so that next year, there is lots and lots of it, and the price goes way down...

Of course this doesn't really apply to giant agribusinesses growing corn to be turned into ethanol.
  
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SkyChief
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Re: The Fall Of California - A Paradise Lost
Reply #152 - May 6th, 2018 at 11:05am
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Billie wrote on May 6th, 2018 at 8:56am:
Farmers, like anyone else with something to sell, can't just unilaterally raise prices... unless they happen to be a "regulated" crony business with a government granted monopoly...

Of course this doesn't really apply to giant agribusinesses growing corn to be turned into ethanol.

There is a word for a system of government where the Government controls the production and distribution of certain commodities...

I forgot the word... I'll have to research it.   Wink
  
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Don_G
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Re: The Fall Of California - A Paradise Lost
Reply #153 - May 6th, 2018 at 11:20am
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Billie wrote on May 6th, 2018 at 8:56am:
Farmers can raise their prices all they want to, but if nobody will pay them $5.00/bushel for their corn, then they will just have to sell it for as close to the current market price as someone will pay them or feed it to their cows, or let if rot or try to store it until they can get $5.00/bushel for it.


Actually it doesn't work that way. Government can step in and provide a subsidy to farmers. It works very well and good food isn't wasted.

The idea could have originated from Marx?
  
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The Opposition
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Re: The Fall Of California - A Paradise Lost
Reply #154 - May 6th, 2018 at 6:31pm
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Billie wrote on May 6th, 2018 at 8:56am:
Farmers can raise their prices all they want to, but if nobody will pay them $5.00/bushel for their corn,


Then the government pays. When did you lose track of the fact that my argument was against redistributing money specifically so people could buy food?

The Opposition wrote on Apr 22nd, 2018 at 6:23am:
And once again, you're positing that there is plenty. There is never plenty of anything. Who is eating the six boxcars of food being produced now? That's right - no one. There are not six boxcars of extra anythings. There are just people with six boxcars worth of money, which can only worsen the situation.

Poverty is not lack of money. It's lack of resources. You redistribute money and you just move poverty around. You don't cure it.
  

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Billie
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Re: The Fall Of California - A Paradise Lost
Reply #155 - May 6th, 2018 at 7:13pm
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Don_G wrote on May 6th, 2018 at 11:20am:
Actually it doesn't work that way. Government can step in and provide a subsidy to farmers. It works very well and good food isn't wasted.


Is that how they do it in N.Korea and Venezuela? Good food isn't wasted because there isn't much of it produced and what there is goes to the rulers?

You think mandating that corn should be burned is a good idea? Why?
  
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