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How quickly do you think "replacement" farms can be set up. I dunno about the wisdom some times of people expressing "markets solve problems best."
by wavefunction 11y ago
How quickly do you think "replacement" farms can be set up.
I dunno about the wisdom some times of people expressing "markets solve problems best."
- raldi 11y agoThe almond speculators will lose their shirts, but those are the risks of growing water-intensive crops in the desert. Many other crops, though, are planted annually, and skipping a field-year, or switching to a less water-intensive plant, is absolutely an option. Google "crop rotation".
- zo1 11y agoI think considering "replacement farms" is probably why you think that a market-solution couldn't work in this case. Think more out of the box, such as imports, or farms progressively further and further away (i.e. nearby states) ramping-up production to meet this newly-created demand. Heck, even consumer demand can change when products in high-demand have their price increase and there is little-left of it. Suddenly people make-do without certain things, change behavior patterns to suit their budget, and find alternatives. I.e. Almonds, as one of the other responders mentioned to your comment. This is not something people "can't live without". If they wanted it prior to this market-adjustment, they'll probably not want it now that it's price has doubled. Or tripled if local shops start importing it from foreign suppliers.