Information, Rants | TheFourEyes April 25, 2008 | 
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Speculators Making Big Money… Driving Up Food Prices… Government Won’t Step In…
Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher. Meanwhile, some Americans are stocking up on staples such as rice, flour and oil in anticipation of high prices and shortages spreading from overseas.
Their pleas did not find a sympathetic audience at the Commodity Futures Trading Commission (CFTC), where regulators said high prices are mostly the result of soaring world demand for grains combined with high fuel prices and drought-induced shortages in many countries.
While farmers here and abroad generally are benefiting from the high prices, even they have been burned by a tidal wave of investors and speculators pouring into the futures markets for corn, wheat, rice and other commodities and who are driving up prices in a way that makes it difficult for farmers to run their businesses.
“Something is wrong,” said National Farmers Union President Tom Buis, adding that the CFTC’s refusal to rein in speculators will force farmers and consumers to take their case to Congress.
It could get far worse. Another “hidden issue” is the scarcity of land still available for farming, he said. In the past, the United States had plenty of farmland to provide more crops as food demands grew. But land is finite, and after all these years, we’re beginning to run short, Doering said. “For the first time in our history, we’re pushing up against the edge in terms of quality land,” Doering said. “We’re in a somewhat fixed box.”
READ MORE HERE and HERE
Information, Rants, Uncategorized | TheFourEyes April 24, 2008 |
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I Must Be A Realisticrat…Thoughts on Pennsylvania, Clinton and Obama from a “Realisticrat”
Read Andy Ostroy’s Thoughts …HERE
Strange Pics From The Net…
I’m glad someone likes LCO so much… 99% of these pictures can be found on this site… Don’t Stop Here… There’s Lots More To See… Click HERE… And Don’t Forget To Bookmark Us!!
Cool Pics, Jokes, Just Plain Silly | TheFourEyes April 23, 2008 |
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Nasty, Mean People… Although… Cats Do Taste Like Dark Meat Chicken…
How do you know what cats taste like FourEyes?… Heh, Heh… I’ll Never Tell!
The Press As Corporate Slaves…
I Once Had A Conversation With A Japanese Man Who Was Thoroughly Convinced That Corporations Trump Countries And That Soon We’d Be Giving Our Allegiance To Companies Rather Than Countries … Kind Of Like Japanese Baseball…
