Comments on: Food Rationing in the U.S. Very Unlikely http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/ What is seen and what is unseen. Mon, 23 Jan 2012 16:26:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Brooke Hochstetler http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/comment-page-1/#comment-12217 Brooke Hochstetler Fri, 27 Jun 2008 03:28:27 +0000 http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/#comment-12217 I am in agreement with the theory that food rationing in the U.S. is very unlikely in the foreseen future. This is evident in the fact that the U.S. government pays farmers a subsidy for not planting crops in the fields that might produce a surplus. Even though the recent floods in the mid west will certainly create a short term shortage in production in wheat and corn, therefore driving these prices upward there is a surplus of these crops in storage. Also, modern technology used by farmers and the agricultural research have enhanced crop production per acre. An example would be the sugar cane research center in Houma led by Dr. Ben Lejurne continuously research and develop new strands of sugar cane which produce more sugar per acre increasing supply. Brooke Hochstetler Morris Coats 211 Econ Class M-F 9:40-11:40 I am in agreement with the theory that food rationing in the U.S. is very unlikely in the foreseen future. This is evident in the fact that the U.S. government pays farmers a subsidy for not planting crops in the fields that might produce a surplus. Even though the recent floods in the mid west will certainly create a short term shortage in production in wheat and corn, therefore driving these prices upward there is a surplus of these crops in storage. Also, modern technology used by farmers and the agricultural research have enhanced crop production per acre. An example would be the sugar cane research center in Houma led by Dr. Ben Lejurne continuously research and develop new strands of sugar cane which produce more sugar per acre increasing supply.

Brooke Hochstetler
Morris Coats 211 Econ Class
M-F 9:40-11:40

]]> By: Britton Comeaux http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/comment-page-1/#comment-11265 Britton Comeaux Fri, 02 May 2008 09:53:20 +0000 http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/#comment-11265 The only real question in my mind is where, how, and how soon the die down begins. I think it will be a lot sooner than people think. World population really exploded when the "Green Revolution" began in farming and agriculture technology after World War II and took hold worldwide--espoused and promoted heavily by the United States. The problem with that technology is that it basically embraced non-renewable petroleum and mineral resources to achieve the spectacular increases in food production. That has not changed in all of the decades since--and now those resources are being rapidly depleted. In short, all of the population increase that all of the extra food production enabled was a one-shot deal made possible by the massive use of non-renewable resources. Once this runs out it will be bad. Sometimes i think America may be a little too nice and giving and this may bite us in the future. The only real question in my mind is where, how, and how soon the die down begins. I think it will be a lot sooner than people think. World population really exploded when the “Green Revolution” began in farming and agriculture technology after World War II and took hold worldwide–espoused and promoted heavily by the United States. The problem with that technology is that it basically embraced non-renewable petroleum and mineral resources to achieve the spectacular increases in food production. That has not changed in all of the decades since–and now those resources are being rapidly depleted. In short, all of the population increase that all of the extra food production enabled was a one-shot deal made possible by the massive use of non-renewable resources. Once this runs out it will be bad. Sometimes i think America may be a little too nice and giving and this may bite us in the future.

]]> By: Britton Comeaux http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/comment-page-1/#comment-11264 Britton Comeaux Fri, 02 May 2008 09:53:01 +0000 http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/#comment-11264 The only real question in my mind is where, how, and how soon the die down begins. I think it will be a lot sooner than people think. World population really exploded when the "Green Revolution" began in farming and agriculture technology after World War II and took hold worldwide--espoused and promoted heavily by the United States. The problem with that technology is that it basically embraced non-renewable petroleum and mineral resources to achieve the spectacular increases in food production. That has not changed in all of the decades since--and now those resources are being rapidly depleted. In short, all of the population increase that all of the extra food production enabled was a one-shot deal made possible by the massive use of non-renewable resources. Once this runs out it will be bad. Sometimes i think America may be a little too nice and giving and this may bit us in the future. The only real question in my mind is where, how, and how soon the die down begins. I think it will be a lot sooner than people think. World population really exploded when the “Green Revolution” began in farming and agriculture technology after World War II and took hold worldwide–espoused and promoted heavily by the United States. The problem with that technology is that it basically embraced non-renewable petroleum and mineral resources to achieve the spectacular increases in food production. That has not changed in all of the decades since–and now those resources are being rapidly depleted. In short, all of the population increase that all of the extra food production enabled was a one-shot deal made possible by the massive use of non-renewable resources. Once this runs out it will be bad. Sometimes i think America may be a little too nice and giving and this may bit us in the future.

]]> By: Steve W http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/comment-page-1/#comment-11174 Steve W Fri, 25 Apr 2008 20:43:22 +0000 http://www.nicholls.edu/bastiatsbastions/2008/04/22/food-rationing-in-the-us-very-unlikely/#comment-11174 Dr C, In the three cases of causal agents for shortages I do not understand the mechanism in the third, the Monopsony (single buyer). When the Monopsony is transformed into competition for a finite resource by additional non-colluding buyers entering the market (an Oligopsony) a price response from the demand lead shortage can occur. Of course if the additional buyer entries collude to create a form of consortium duopsonic buyers group, the buyer will continue to act like the coal miner's hated "Company Store" in controlling the market from a strong buyer's advantage. Perhaps condition three was meant to reflect some other aspect of the licensing de facto Monopoly the medical industry faces? All the best and great article! Steve Dr C,

In the three cases of causal agents for shortages I do not understand the mechanism in the third, the Monopsony (single buyer).

When the Monopsony is transformed into competition for a finite resource by additional non-colluding buyers entering the market (an Oligopsony) a price response from the demand lead shortage can occur.

Of course if the additional buyer entries collude to create a form of consortium duopsonic buyers group, the buyer will continue to act like the coal miner’s hated “Company Store” in controlling the market from a strong buyer’s advantage.

Perhaps condition three was meant to reflect some other aspect of the licensing de facto Monopoly the medical industry faces?

All the best and great article!

Steve

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