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OnlyMe

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I've metioned farming a few times, in the UK machinery investment and tractor sales are well down. Also mentioned fertilizer prices before. Why, well it looked as if their was beginning to be a bit of a problem building up.

Funny how banks will bank-roll the property bubble with almost zero risk premium loans but seem to judge all other forms of production and commerce in an altogether different lilght.

Could be a good time to switch to food rather than gold, everybody gotta eat! Yet another source of inflation.

For what we are about to receive, or not as the case may be, blame the bankers.

http://www.txfb.org/TexasAgriculture/2005/...105opinions.htm

Agriculture facing its own Katrina By Jimmy Westerfeld

McLennan County Farm Bureau President

Agriculture today is facing a major catastrophe not experienced since the Dust Bowl days of the Great Depression. Based on expert economic projections, for the first time in decades, many U.S. farmers cannot possibly "cash flow" a crop or crops for the year 2006. Bankers are saying "No." Many of us will not be able to farm this year or the next. The doubling and tripling of fuel and petrochemical prices are the last link in a chain of bad economic events

......

For farmers, a Katrina-like disaster is building. It will soon swamp many family farming operations. Astronomical fuel prices, fertilizer and chemical costs have reached the point that even a modest profit is impossible.

.....

A friend of mine and long-time Central Texas farmer sums up the current crisis in a unique way: "It's a lot easier to do nothin' for nothin' than somethin' for nothin'." Why invest huge amounts, work from daylight to dark and struggle for a profit when you know you have no chance?

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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