MC Farms, I use the get the New Holland News sometime in the '90's . It was an article highlighting the progress and efficiency in crop production in North America. Zero till, one pass seeding, GMO herbicide resistant varieties to grow on more acres etc. I do remember the price of wheat was horribly low at the time and I cut out the article for one of the statements. NEVER HAVE SO FEW, FED SO MANY, FOR SO LITTLE. Its not a food issue, its a politics/power struggle as already mentioned.
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food scarcity?
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With the current drop in price there should be a few less starving.
Its funny though, none of the hungry countries were buying grain when it was cheap last year.
Look at what Algeria did. Came in and bought durum at nearly twice the price as what it was for all of 2010. Although the cwb probably gave them a sweet deal. Should know after the PRO is released thursday how cheap they gave it away to algeria. 600,000 tonnes can affect the PRO/pooled price.
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