Tweet
Re: 1 for D&G: A Bubble Down On The Farm?
uh, no. NEVER said that, never implied it, and you cannot find that in anything I wrote in this thread of the JR thread.
and there again we return to the crux of the matter. You see and hear only what you want to see and hear, not what is presented.
oh, and BTW, as you attack my assertion that China et al will continue to demand more food, I give you:
http://www.dtnprogressivefarmer.com/...8-f07bce00071b
*snip*
when you look at the small percentage f Chinese who have become "wealthy" and add even modest growth over time, I expect they will keep my soybean crops under demand for some time to come.
Be that as it may, the original point still stands: your assertion was that there was some specific unique feature to ag land which made it a pre-eminent investment.
and there again we return to the crux of the matter. You see and hear only what you want to see and hear, not what is presented.
oh, and BTW, as you attack my assertion that China et al will continue to demand more food, I give you:
http://www.dtnprogressivefarmer.com/...8-f07bce00071b
OMAHA (DTN) -- China passed Canada as the top market for U.S. ag exports in 2011. As recently as 2004, China's purchases totaled only $6 billion, making it our fifth-largest ag export market. In the fiscal year that ended Sept. 1, the world's largest importer of cotton and soybeans bought $20 billion of U.S. products, accounting for 15% of our record $137.4 billion sales total, according to USDA.
USDA places China's 2011--12 total cotton imports at 15.5 million metric tons, up from just under 12 mmt for the 2010 crop year. This despite a crop that is up 3 mmt from a year earlier and poor demand because of a cooling world marketplace, pointed out Lin Tan, DTN China correspondent.
Soybean imports should total 56.5 mmt, up from 52.3 mmt last year, USDA said in December. Oil World is even more bullish, expecting the country to buy a total of 57.8 mmt -- 60% of the world's total shipments. "It is a difficult time for Chinese processors," Tan told DTN. "They are still crushing beans they bought at much higher prices. Cheaper beans they bought beginning in October are just arriving now, bringing down their average cost."
USDA places China's 2011--12 total cotton imports at 15.5 million metric tons, up from just under 12 mmt for the 2010 crop year. This despite a crop that is up 3 mmt from a year earlier and poor demand because of a cooling world marketplace, pointed out Lin Tan, DTN China correspondent.
Soybean imports should total 56.5 mmt, up from 52.3 mmt last year, USDA said in December. Oil World is even more bullish, expecting the country to buy a total of 57.8 mmt -- 60% of the world's total shipments. "It is a difficult time for Chinese processors," Tan told DTN. "They are still crushing beans they bought at much higher prices. Cheaper beans they bought beginning in October are just arriving now, bringing down their average cost."
when you look at the small percentage f Chinese who have become "wealthy" and add even modest growth over time, I expect they will keep my soybean crops under demand for some time to come.
Comment