We were in the San Joaquin Valley this weekend wanting to hear first hand from the farmers; we ran into an old timer who has witnessed higher prices for his crops and who told us, "I’m not used to making money!" Suddenly, the cotton, cereal and nut farmers have seen prices go through the roof; so have the cattle guys.
We told one cattleman friend that he ought to replace that picture of Charlie Goodnight in his den, with one of Ben Bernanke.
Excesses at the Fed have enabled exporters and commodity producers at the expense of the rest of us. The central bank and the administration now follow the god of mercantilism. China was the last to tread that route; now even she has had enough, taking mercy on her own consumer.
Robert Craven
We told one cattleman friend that he ought to replace that picture of Charlie Goodnight in his den, with one of Ben Bernanke.
Excesses at the Fed have enabled exporters and commodity producers at the expense of the rest of us. The central bank and the administration now follow the god of mercantilism. China was the last to tread that route; now even she has had enough, taking mercy on her own consumer.
Robert Craven
And of courses the grain farmers love ehtanol program.
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