The other day, our think tank was having a discussion about the drought in the US Midwest in the summer of 2012. It is causing severe hardship along the Mississippi River because there is not enough water to get the barges through safely unless they go directly down the center of the river in many places and in single file. Of course barges go both ways, so you can imagine the problems getting all these goods to market. Not only that but due to the bottleneck, and now Hurricane Isaac things are going to be backed up for quite a while.
Perhaps that storm may deliver some moisture and water to the agriculture essay Midwest which would be a good thing. But I’d like to discuss with you the challenges we have with the United Nations and the rest of the world dictating our farm and agricultural policies. You see, the reason we were able to produce so much of the world’s food supply is due to free-market economics. If we allow other nations all over the world including many socialist run nations to dictate our farm policy, we are liable to run into shortages as well, in the end everyone loses.
Right now there is a big debate due to the lack of water of whether the water should be used for livestock, growing corn for ethanol, or growing crops to feed the rest of the world. If we use the water for ethanol refining and growing that corn then that will increase the price of corn around the world, and take out fields which could be growing wheat, soybeans, and other things for export. When those prices go up people starve. But why are people starving in these other nations? It’s because they are inefficient, and their governments operate like banana republics or oil republics with a socialist motif.
There was an interesting article in the Wall Street Journal on August 27, 2012 titled; “US Crop Tour Draws Global Crowd – Increased Foreign Participation Reflects Price Volatility, International Demand,” by Ian Berry and Owen Fletcher. This appeared in the “commodities” section of the WSJ, and was on a page not very visible to the average reader skimming through the paper.
It’s nice for other nations to tour our agricultural industry because maybe they were might learn something about GM crops and their ability to create abundance, and our incredible efficiency with mechanized farming equipment. They can learn a lot from us, a lot more than we can learn from them following their socialist strategies into an economic abyss of worldwide food shortages. No thank you. Indeed I hope you will please consider all this and think on it.