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Practical effect of this years weather.

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    #2
    Supercell
    Registered Users Posts: 15,322 ✭✭✭✭Supercell


    If I was an Irish farmer I'd seriously consider getting into wheat.
    The price of it is only likely to keep rising for the considerable future for several reasons :-

    1) Global warming - http://news.independent.co.uk/world/americas/article2643033.ece (Australia and other places effected for same reasons)

    2) Peak oil - many wheat producers have switched to producing biofuel crops - http://thescotsman.scotsman.com/international.cfm?id=1420072007

    3) The Americal breadbelt is suffering massive problems from recent legislation about immigrants - the traditional source of cheap labour
    http://www.bloomberg.com/apps/news?pid=20601103&sid=aGEqLziI_Y_I&refer=thepropertypin

    While the effects of 2 and 3 could possibly in time be reversed..number 1 is only going to get worse - but possibly more favourable here for Irish farmers
    https://www.loughlinstown.ie

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



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    #3
    Frederick
    Registered Users Posts: 27 ✭Frederick


    Wheat is always cyclical, wheat market was bad last year, near cost of production, so farmers left it... This year due to the low world harvest the price is way up. Everyone will want a piece of the pie and join in next year, with the effect that the price will return to somewhat normal levels next year


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    #4
    Supercell
    Registered Users Posts: 15,322 ✭✭✭✭Supercell


    Frederick wrote:
    Wheat is always cyclical, wheat market was bad last year, near cost of production, so farmers left it... This year due to the low world harvest the price is way up. Everyone will want a piece of the pie and join in next year, with the effect that the price will return to somewhat normal levels next year
    Wheat was always cyclical..so was the climate..so was oil..etc etc...
    Its not anymore..peak oil is here or very close...and global warming (agw or not) is consistant.
    Wheat will continue to rise in price.
    https://www.loughlinstown.ie

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



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    #5
    nilhg
    Registered Users Posts: 5,118 ✭✭✭nilhg


    Yes the wheat market has always been cyclical, all markets are, what has changed and seems likely to continue to be a feature is the amount of volatility in supply and price.

    There are many reasons for this, most of no relevance to a weather forum, but the fact that there seems to be more extreme weather events now, and that the extreme events seem to be more extreme than they used to be, will drive this volatility.

    As Matt Dempsey said in this weeks IFJ, agriculture used to supply the three F's (fuel,fibre and food), that all changed when cheap oil became available, but now slowly this is going to become the norm again.


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