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Here is an interesting thought about legalization. In Kansas where they produce more wheat than anywhere in the world, what do you think would happen if Mariju
by X86BSD 9y ago
Here is an interesting thought about legalization.
In Kansas where they produce more wheat than anywhere in the world, what do you think would happen if Marijuana became to legal to grow here? Farmers struggling to survive on bushel pricing of wheat would move all their land to Pot because of the money. Wheat availability would crash through the floor.
A loaf of bread, and flour, would be sky high.
- wavefunction 9y agoPresumably some more natural price equilibrium would be established.
- briandear 9y ago> A loaf of bread, and flour, would be sky high. Lol. “High.” However seriously if wheat prices rose, more farmers would grow wheat and prices would return to equilibrium — people being paid subsidies to grow nothing would suddenly find it profitable to grow wheat. Supply and demand works. The real problem is that farming is so heavily subsidized that actual supply and demand doesn’t always result in correct prices.
- GFischer 9y agoYou do know there are other countries that can produce wheat, a lot more wheat than Kansas, for instance Argentina (currently produces twice as much wheat as Kansas and that's after they went way down because they switched to soybeans) or my own country Uruguay. If there was scarcity of wheat, be assured we'd cover it. BTW, we can cover scarcity of pot as well :) (it's legal here)