So when prices finally hit the fan now farmers are finally seeing whats going on!

[farmaholic]

What surprises me is why you waste your time here. But I do read your posts hoping my "simple" mind can pick up something you lay down. If most don't have a clue, and may not, take the time to enlighten at least me, I am listening. Thank you.

[cottonpicken]

Sorry didnt want come off as ****ish and arrogant.

I really enjoyed the thread and agree whole heartedly.

The people involved in the spin off industries of what we produce maybe don't know the whole story of how important we are,the typical responce would be "it creates jobs".

But when foreign capital comes in you get a major benefit,its not internal capital.

Common enough lingo is countries trying to devalue to to boost exports yadda yadda yadda sure everyone has heard that.

But what is really happening is when those payments are given to the producers they get put into the banks in the form of deposits.

Those deposits are then leveraged up,in some countries up to 40 to 1 canada is better off with tier one being around 10-15%.

This is the current account basically out flows vs inflows,mostly covered at a national level but works at a provincial/municiple level as well.

So anywhooo the banks lend this out,somebody sells widget x to buyer ,and buyer takes his money and buys something maybe a bond or a stock or property,the government takes its pound of flesh and on and on and on.

Its basically the reason how japan has been able to hang on by self funding through its current account surplus.Now ending.Wonder why our lonnie is acting all ****ed-look at the current account,among other things.But imagine if we didnt have what we can export-think greece.

So basically so much more comes out of ag then meets the eye,those grain buyers property values,borrowing costs,standard of living,tax rates,healthcare social security,pensions etc,etc......

Its complicated stuff and you have to be into it to understand it,but you think the news or schools would touch on it once in a while.

[farmaholic]

Cotton, I do enjoy your posts and hope to learn something from them. I often hear you talk about the "impending doom" and wonder if there is anything people can do if "it" is going to hit the fan. .Maybe we're all in lkne for a haircut.

Farmers are wealth creaters and foreign currency earners adding "new" money to the economy. How the hell do resource poor countries manage their economies with trade deficits, poorer standard of
livings? If it wasn't for what we do all the goods needed to produce a crop are worthless, too bad we aren't valued more..