Inventories of grains world-wide are dwindling?
I wonder how this is going to affect inflation on food prices, then politics when they can't feed all the population with a lot of people on Federal welfare and other state giveaways.I suppose The USA has enough stockpiles for famines, right?. But I think That Red China owns a lot of farm land along with a lot of billionaires in the USA. Could all these crops be federalized and seized?
serf
https://www.wsj.com/articles/u-s-crops-wither-under-scorching-heat-11629797401
The poor weather has caused the USDA to scale back its expectations for U.S. crop production in 2021—which, in turn, is causing domestic inventories to dwindle. In the USDA’s latest monthly supply and demand report, the agency pegged ending stocks for corn, wheat, and soybeans all at their lowest level since 2013.
“The impact of the drought is clear; there’s no way around that,” said Chip Flory, leader of the tour’s western leg.
Grain futures trading on the Chicago Board of Trade has had a volatile year, reaching near-record levels in May. Futures were mixed in trading Monday, with most-active corn futures down 0.3% to roughly $5.35 a bushel, soybeans up 0.2% to roughly $12.93 a bushel and wheat up 0.7% to $7.33 a bushel. For 2021, wheat and corn prices have risen 11%.
Brazil’s second crop of corn, grown in the winter, has been greatly diminished due to drought. The winter crop is projected by the country’s crop agency to be 60.3 million metric tons, down from 75.1 million tons at this time last year.
Wheat crops in Russia are also suffering due to drought, causing forecasters to cut their outlook for wheat production there. In its latest agricultural supply and demand report, the USDA pegged its forecast for Russian wheat at 72.5 million metric tons, down 12.5 million tons from its estimate in July and below estimates provided by other firms tracking the region.
Comments
"lowest level since 2013"
I don't recall famines or the government seizing anything in 2013, so why would they now? Weather is either the farmers best friend or worst enemy. A couple of years ago yields and acres planted sucked here in Michigan because of a wet spring and then lower than normal rainfall. This year yields and acres planted here have increased a lot. That is the good thing about having a country that is both large in size and relatively low population density. The odds are that somewhere the growing season will be at least good if not ideal. The WSJ is reporting this is for commodity investors and not to warn of coming famines or global warfare over food. So if I was you Serf I probably would unzip that mattress and take some of your hidden wealth and get in the market. Here is a tip, with feed stock inventories being down pork futures is something to look at. 😁 Bob
How many more farms are owned by foreign and international corporate entities now there Bob? You forgot about Food inflation there too Bob,it seems you are blind to The NWO commerce, with it's phony monopoly money with their central banks. Of course The Feds say inflation is going to disappear soon, what a joke!
Control the food and water supply and you control the world. Maybe The United Nations with 203o agenda is in play here, you think?
serf
https://thecounter.org/land-access-farmland-missouri-foreign-ownership/
But while that’s a significant jump, it’s not the only outside group after a slice of the agricultural pie. Non-farmer domestic entrepreneurs and investors are snapping up farmland at a rapid clip, also doing much to drive up the cost of agricultural production for those who don’t own their land.
“Institutional investors—pension funds, university endowments, private foundations, and other organizations that manage huge pools of capital—are increasingly incorporating farmland into their investment portfolios,” wrote University of California, Santa Cruz sociologist Madeleine Fairbairn, in her new book Field of Gold: Financing the Global Land Rush. “The same is true of those extremely wealthy people who in financial circles are euphemistically termed ‘high-net-worth individuals.’ This investor interest has spawned a host of new asset management companies eager to accommodate and encourage investors’ newfound passion for soil … managers [who] promise to shepherd investor capital safely, and often extremely profitably, into plots of farmland the world over.”
FAO and the 2030 Agenda http://www.fao.org/sustainable-development-goals/overview/en/
The 2030 Agenda offers a vision for food and agriculture as key to sustainable development. FAO possesses experience and expertise in supporting policymaking, partnership-building, and projects and programs built on 3-dimensional sustainability. Both the SDGs and FAO's strategic framework are geared towards tackling the root causes of poverty and hunger, building a fairer society and leaving no one behind.
See my reply to your other post. The answer to your question is 3% in the U.S. I wouldn't think even you would get your panties in a knot about 3%. Since we can't do without food maybe you should invest in one of those NWO evil farm corporations instead of the commodities market. After all you would only be risking your monopoly money. Bob
Edit to address your addition of the 2030 agenda; The U.N. constantly pontificates on improving the world but never succeeds in any major way. With the U.S. backing their health programs some good work actually takes place. Without the U.S. their peacekeeping forces are barely able to accomplish anything in even impoverished, backwards third world countries. It seems that for 75 years the U.S. has used the U.N. to justify their military actions. If we can invade a country like Afghanistan or Iraq with the U.N.s backing it lends a sense of legitimacy to our actions. So I would suggest that for 75 years the U.N. has been a pawn of the U.S in actual deeds performed but not in listening to their grandiose world vision goals.
Let's play statistics ! So we see Large family corporation farms are growing!
serf
https://fivethirtyeight.com/features/big-farms-are-getting-bigger-and-most-small-farms-arent-really-farms-at-all/
Most Small Farms Aren’t Really Farms At All
A 2013 Department of Agriculture report, for instance, found that, in 2001, farms of 1,000 acres or more accounted for 5.6 percent of all farms and controlled 46.8 percent of all cropland.3 In 2011, those large farms still represented 5.6 percent of all farms, but now they controlled 53.7 percent of farm
At the same time, though, the OTA was right: Farm consolidation really did happen. How can both be true? The devil is in the methodology. These numbers don’t represent a failure of the OTA’s predictive powers, but rather a great example of how the ways we measure things can stop being effective. More importantly, this trend shows how a combination of inertia and political interests can make it hard to change a methodology even after it is clearly outdated.
Once again see my post on your other somewhat connected topic. Yes small farms are dwindling and that can be a good thing. Before we had 100 acre subsistence farms that barely supported one family. Now with the younger generation leaving those farms the land is being absorbed by other farms. Now with modern equipment a family that stays in farming has no problem cultivating several thousand acres. This provides a good living for that family and abundant food (weather permitting) for the marketplace. I know of several big farmers that have incorporated their business. Still family owned but if you stretch the point I guess they are now part of your NWO corporate America. Bob
Yep, and Joe Biden wants to make the small farmer to disappear under inherited Taxes to their children, Which you say is a good thing. Of course, if you're a large Corporate family owned farm you probably have a good trust fund L.L.C. made up from your Lawyer who hires lobbyist to make all those poor dirt farmers be run out of their business while corporate family farmers grow and can pass its own corporate farm to their heirs tax-free and build a legacy to their wealth and power.
I believe in a co-op where common farmers come together to survive and thrive, myself.
I am thinking you're one of those Rhino's republicans from your lack of addressing this small little oversight in your rebuttals here.
serf
Sounds like you are sort of advocating a commune, where everyone comes together for the common good. Sorry, not my cup of tea. If you mean an actual farmers co-op then you are to late, they already exist and do good work. The problem is finding people who want to farm.
If you say I have overlooked the proposed tax increase, that I am against by the way, why have you not addressed the drastically dwindling number of younger family members that want to stay on the farm? The statistics you supplied showing the great reduction in small farms over the last couple of decades had absolutely nothing to do with the proposed new taxes. Seems to me you are grasping at straws to bemoan the fact that the new tax will reduce the number of family farms but don't address the fact that it has already happened. The proposed taxes may be one more nail in the coffin but sadly the concept of the small family farm is on its last legs due to other factors. People left the farm to do manual labor in manufacturing and worked less hours and made more money than if they stayed on the farm so the demise of the small farm started with the industrial revolution. A guy sells his farm to the neighbor and goes to Detroit to build tractors and that neighbor can now buy a tractor and work more land than he ever thought possible. That's progress but it still reduced the number of farmers. Bob
Almost forgot; Where did I say old Joes taxes were a good thing? I believe I was addressing your concerns over foreign NWO corporate farming.
As international corporations Of America take over all The important tasks for civilizations to exist, then all the people in large cities are at their mercy. We already see how the woke executives push the liberal bias on Us with The Liberal socialist United Nations behind the scenes to bring in The NWO and the agenda 2030.
Lobbyist with lawyers write all the laws for congress to vote on while stealing the American future with stupid brush wars all over the planet the last 70 years with nothing for we the people but a plague from Red China and Phones and appliances from S.Korea, while we lose manufacturing jobs with NAFTA treaties and get dead Americans servicemen with a huge Deficit with 33 trillion dollars of debt to pay off once they get the economy back in shape. What a joke.
This fall, when they raise the debt ceiling again and start having high inflation, we will probably get another brush war over Taiwan. War is a racket and it always will be. Wash, spin and repeat is about over for this empire.
serf
“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”
― Abraham Lincoln
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https://californianewstimes.com/
Americans should demand change, accounting and responsibility. Our leaders in Congress need to face attempts to stop introspection and dig deeper into our current system. Our troops, intelligence agencies, and the Department of State don’t know what they are doing. To make matters worse, they failed Americans in the most luxurious way. Over 20 years, four presidents, trillions of dollars, have been blown away and more than 7,000 US troops have died. After that, the entire system collapsed and did the Taliban regain their country and become stronger than the day before 9/11? What a real stain on the country.
most is dry west of mississippi by me in a farm community they are going to put 1000 acres under a solar panel farm good farm land gone for 3o years
"A 2013 Department of Agriculture report, for instance, found that, in 2001, farms of 1,000 acres or more accounted for 5.6 percent of all farms and controlled 46.8 percent of all cropland.3 In 2011, those large farms still represented 5.6 percent of all farms, but now they controlled 53.7 percent of farm"
Department of Agriculture report? Which one? USDA considers any agricultural operation that sells $1000, receives ANY Federal ag payments, or any of several other criteria to be 'a farm'. Many/most would not even be considered farms, The best description of what USDA considers a farm would represent a pyramid with a flattened top. The lower levels consist of the hobby farms and each level increases in farm size. Consider the land owned or operated by each level would be a reverse or upside down pyramid.
I work for the agency that collects the data that generates these reports. I know how it works.
Regarding the snide remark about ; "a large Corporate family owned farm you probably have a good trust fund L.L.C. made up from your Lawyer". Looking through a county plat book indicates that stashing land in a trust is not limited to 'large corporate family owned farms'. Use of trusts, LLC's, and C corps is simply good business and eases the transition between generations.
Look for more inherited taxes to increase across the board and Trust protections to get water down. You see the politicians have to go where the money is and when the middle class is evaporating than those aging baby boomers are now are the new target for tax revenue because they are cash-cows.. Good business is only a catchphrase,
serf
When the price goes up I'm going to unload my Y2K wheat😀