Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices.
This isn’t just wealth though. Wealth has the potential to lose its worth in some scenarios depending on the outcome of the current regime. Arable land? As long as we don’t hit the MAD button arable land is going to be primo real estate regardless of what happens. Wealth can only buy food; arable land produces it. THATS power.
It’s not going to be arable for much longer, corporate farms are creating dustbowl conditions by clear-cutting wind breaks for marginal gains. This has already resulted in dozens of injuries and even some fatalities in Illinois as wind storms pick up dry farmland dirt and turn them into zero visibility dust storms. Cover crops cost money so corporate farms refuse to use them.
Do you think the people who will end up owning all this arable land will be smart enough to avoid fucking it up? Mono cropping, climate change, pollution, pesticide runoff: these can turn your once arable land into useless acreage nobody wants right quick. I understand we have a lot of it, but look what happened in Brazil.