Up On the Farm the New CarpetBaggers/Scalawags – 07/17/11

Dear Ladies and Gentlemen,

For Your Entertainment (FYE) ……..”Farming Roulette” anyone???!!!  ;+)

Meet the New CarpetBaggers/Scalawags! :+(

http://www.msnbc.msn.com/id/43773090/ns/business-us_business/
http://en.wikipedia.org/wiki/Carpetbagger
http://en.wikipedia.org/wiki/Scalawag

“A new breed of gentleman farmer is shaking up the American heartland. Rich investors with no ties to farming, no dirt under their nails, are confident enough to wager big on a patch of earth — betting that it’s a smart investment because food will only get more expensive around the world.”

“Buyers say soaring farm values simply reflect fundamentals. Crop prices have risen because demand for food is growing around the world while the supply of arable land is shrinking.”
“At the same time, farmers are shifting more of their land to the crops with the fastest-rising prices, which could cause those prices to fall — and take the value of farms with them. When the government reported June 30 that farmers had planted the second-largest corn crop in 70 years, corn prices dropped 8 percent in two days.”

 

“And even if crop prices hold up, land values could fall if another key prop disappears: low interest rates.”

 

” I’m all for investing and free market growth. It concerns me greatly that someone with no ties to the land considers it just another investment. Our ability to grow food and maintain a stable food supply relies heavily on people who are not only knowledgeable about the market, but are also stewards of the land. As this is our, and the nation’s, future, we all need to be concerned when investing lawyers, bankers and software goliaths consider it only another way to make more money instead of feeding people and protecting the land.”

 

” Speculators move from housing to the food supply. You don’t need to be a genius to see disaster looming. Once they find out that farming costs real money and is not always profitable they will bail out and leave barren land in their wake. Instead of empty houses you will have people starving. Need I point out that disrupting the food supply in a country is the fastest way to stir up violent unrest.”

 

“In sum, carpetbaggers were seen as insidious Northern outsiders with questionable objectives meddling in local politics, buying up plantations at fire-sale prices and taking advantage of Southerners.”
Big Hugs and Kisses to All! ;+)

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