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Originally Posted by delboy
I've also read this morning that corn crops are at their lowest levels since records began."
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That's odd because acording to the USDA corn crop is at record acres planted this year. I'm surprised yield is even speculated upn this early in the growing season. Farmers in southern Alberta haven't increased potental production because of uncertainty about 'too much' corn planted on the market.
It's surprising that European farmers aren't subsidized to keep in the market. I thought there were protected markets but I must be wrong. It's the opposite here in North America where there are quotas on eggs, milk production, cheese and so on because there is the capacity to produce way more production than is needed and thus flood the market. There is an over capacity to produce food that isn't being used. Food has never cost less in North America when measured against the amount of man hours needed to purchase it.
Europeans shouldn't worry. We in North America have more to sustain you if there are shortages. Tell us when your ribs are showing. Something tells me, however, that food production in Europe is protected from inexpensive imports and it has nothing to do with shortages. Europeans love to pay taxes to maintain bloated bureaucracies.