The US may run an agricultural trade deficit in 2005

[Kidlicious]

Originally posted by Lawrence of Arabia
jesus christ kid, dont you ever get anything right in economics?

:sigh:

[Provost Harrison]

Famine strikes Washington! Scores perish.

[Last Conformist]

/me agrees with Kuciwalker, Imran Siddiqui, Jaguar and Boris Godunov!

[Dracon II]

Originally posted by Provost Harrison
Famine strikes Washington! Scores perish.

Bono, Sting and Bob Geldof plan AssAid '04

[Dinner]

The US can easily feed itself many times over so I doubt we will ever see famine here. We are trying to open our markets to agricultural imports from the 3rd world so as to help their economies and create truly free trade. This is going to mean fewer American farmers and more food imports though the falling dollar will slow this down.

[Dinner]

Originally posted by Kidicious
Yeah. I'm sure production will increase, but it shouldn't mean that the supply in the 3rd world will increase. It makes sense that prices will be higher so supply must me shorter.

Farming adjusts to demand very quickly in the absence of subsidies. The food supply will remain just fine in the third world and the 80% of 3rd worlders who are farmers will greatly benifit from increased trade.

[Kuciwalker]

Originally posted by Kidicious
How does this supply food to the 3rd world. The food is coming here because the prices are higher. That's only going to put upward pressure on food prices in the third world.

Americans shouldn't buy food because otherwise 3rd worlders could afford it

[MrFun]

Originally posted by Oerdin
The US can easily feed itself many times over so I doubt we will ever see famine here. We are trying to open our markets to agricultural imports from the 3rd world so as to help their economies and create truly free trade. This is going to mean fewer American farmers and more food imports though the falling dollar will slow this down.

Yep, because we know that there is no such thing as famine and starvation in parts of Africa, so we can import food that Americans do not need.

[Kidlicious]

Originally posted by Oerdin


Farming adjusts to demand very quickly in the absence of subsidies. The food supply will remain just fine in the third world and the 80% of 3rd worlders who are farmers will greatly benifit from increased trade.

Demand adjusts? Yes it does at a higher price and a lower quantity. Draw your self a little supply and demand graph and decrease supply. That's what happens with domestic suppliers start supplying foreign markets.

[Arrian]

Farm states are Red states. Let the pandering begin!

[:) Smiley]

There's no shortage of food in the world; the 3rd world problem is that farmers lack money to buy the other food types they need for a balanced diet.

[Japher]

Farm states are Red states. Let the pandering begin!

13% of all ag products and 26% of all principle commodities are produced in California... are they a red state?

[Arrian]

What about the other 87 and 74 percent. Where does that come from?

-Arrian

[Dinner]

Originally posted by Kidicious
Demand adjusts? Yes it does at a higher price and a lower quantity. Draw your self a little supply and demand graph and decrease supply. That's what happens with domestic suppliers start supplying foreign markets.

Thanks Kid but I know about supply and demand but apparently you don't. Your problem is you keep thinking everything is a zero sum gain meaning that if someone wins then someone has to lose. The real world doesn't work that way. Yes, prices slowly uptick with exports but supply is very very very easy to add with agriculture. Any nit wit with a bit of land and some seed can increase supply.

If prices go up supply rapidly goes up because farming has a very low entry cost especially in the 3rd world.

[Dinner]

Originally posted by Japher
13% of all ag products and 26% of all principle commodities are produced in California... are they a red state?

California is by far the largest agricultural producer in the US.