BackBlast
05-18-2008, 11:51 AM
I heard from a potato farmer that many have moved to wheat due to the profitability in wheat right now. He said that the potato crop was 39% of what it normally is this year.
This means there is a high probability of very high potato prices in the future, including shortage possibilities (nobody has long term potato storages, we depend on year-to-year production to fill demand). Though it should provide some relief to wheat. Prices may not come down due to increased demand due to problems in rice production world wide.
These types of shifts may also occur in other markets, expect large price hikes across the board this year.
Brandon
This means there is a high probability of very high potato prices in the future, including shortage possibilities (nobody has long term potato storages, we depend on year-to-year production to fill demand). Though it should provide some relief to wheat. Prices may not come down due to increased demand due to problems in rice production world wide.
These types of shifts may also occur in other markets, expect large price hikes across the board this year.
Brandon