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However, food production was one of the worst businesses to be in during the great depression. Food prices plummeted to well below cost of production rates. Com
by randomdata 15y ago
However, food production was one of the worst businesses to be in during the great depression. Food prices plummeted to well below cost of production rates. Combined with some extraordinary environmental events around the same time, farmers were hit hard – really hard.
However, in this recession, it is one of the best businesses you can be in. Prices haven't been this strong in a long, long time. Goes to show there are no absolutes in life.
- jackpirate 15y agoThe farming and restaurant businesses are completely different. Low food prices hurts farmers, but helps restaurant owners.
- randomdata 15y agoAbsolutely. They are, however, both in the food business, which is what the quote said to be in. As seen by the farmers of the time, the fact that people need to eat doesn't mean that you will survive hard times.