Shortages in Agriculture
I had a hard time coming up with something that really related to what this next exam is on, but I did find a blog article that talks about shortages. These shortages are competely unrelated to any price floor, but rather due to the weather. We've been discussing that there are price floors in the world of agriculture to help protect the farmers, but as we can see from http://www.agweb.com/Blogs/BlogPost.aspx?src=OutlookToday&PID=8dd94e8b-d534-42a7-9da0-1c5c06983589 the price floors aren't even a factor. I think it will be interesting to keep an eye on the crop markets as the year continues to see what prices do. I look for them to keep sky-rocketing due to the shortages. A good website to watch is: http://www.agweb.com/Default.aspx it shows what the different markets are doing. These high prices and shortages really concern me, because my in-laws farm, but they don't sell these crops, they own a hog farm, and therefore they have to pay these high prices in order to keep the hogs fed. However the pig market is not following suit in the high price category. Hog prices are down in fact. So who helps these farmers? Do they have, or will they get a price floor to help them??
1 comment:
Farming as many people know has always been a hard way of life from the unpredictable weather to the simple demand from of goods from the economy. Which is also the reason that the government has interveined in pasts years and will probably do so in the future. There could be a price floor in the future depending on how bad the situation gets and hopefully if it does get bad they will recieve some needed help.
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