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Agree. And if financial markets are working properly, the risk of disaster should be priced in, affecting the cost of raising capital for growers and giving the
by twoodfin 10y ago
Agree. And if financial markets are working properly, the risk of disaster should be priced in, affecting the cost of raising capital for growers and giving them an incentive to plan alternatives.
- scj 10y agoThere should be two incentives. One is the monoculture risk mentioned earlier. The second is that a viable alternative might be developed that is more appealing than the current product.
- munificent 10y ago> if financial markets are working properly What makes you assume they do?