3 ms·
I 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,
by zo1 11y ago
I 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.