3 ms·
> If it costs you $100/bushel to produce wheat and you can buy it for $60/bushel (I'm fabricating numbers), why produce it? “Certain countries” are well known
by UncleEntity 3y ago
> If it costs you $100/bushel to produce wheat and you can buy it for $60/bushel (I'm fabricating numbers), why produce it?
“Certain countries” are well known for subsidizing domestic grain production and dumping it on overseas markets which ends up hurting the local farmers as they can’t compete on prices. Given enough time these countries become totally dependent on the imported grains and their entire farming industry goes away.
You make the choice on if you’re comfortable depending entirely on foreign production of foodstuffs.
—edit—
Actually, you don’t get to make the choice…