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Tingkai
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To find the Northwest Passage
Aug 2001 time: 13:17
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quote: Originally posted by Whoha
more likely Bush's refusal to go to the mat on trade to end the various NTBs such as the GM crop ban and the beef bans. |
You mean the US ban on Canadian beef?
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Tingkai
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To find the Northwest Passage
Aug 2001 time: 13:17
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quote: Originally posted by Oerdin
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. |
In many countries it is difficult to get farmland, particularly in third world countries where land tends to be controlled by the elite.
The price farmers receive for their crops may not go up significantly. The middlemen often take most of the profit.
Also, there is a time lag for the price-supply of agricultural goods. So on a short term basis, an increase in price will not change supply.
In the long-run though, you're more right than wrong.
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