Parity price and farming.I have just encountered your December 1, 2003 issue containing the article "Engineered Extinction extinction, in biology, disappearance of species of living organisms. Extinction occurs as a result of changed conditions to which the species is not suited. ." I want to commend com·mend tr.v. com·mend·ed, com·mend·ing, com·mends 1. To represent as worthy, qualified, or desirable; recommend. 2. To express approval of; praise. See Synonyms at praise. 3. you for this factual and important writing. I would like to provide a brief additional aspect to the raw material picture which the public should be aware of, and which economists avoid like the plague plague, any contagious, malignant, epidemic disease, in particular the bubonic plague and the black plague (or Black Death), both forms of the same infection. . It is not generally recognized that any real profit to a raw material producer at the first point of sale is for all practical purposes debt-free money Debt-free money is a term used in criticism of the monetary system based on fractional reserve banking. The term is not generally used in monetary economics, but is sometimes used by groups of various political leanings when advocating radical monetary reform. that enters the economy--and stays there. At the end of any given economic cycle someone either has that money or the value thereof. Unlike debt it accrues no interest, and does not have to be repaid to anyone. Agriculture is by far the largest raw material producer we have. This fact makes it the key to economic prosperity, provided the producer gets a parity parity or space parity, in physics, quantity that refers to the relationship between an object or process and the image that it can produce in a mirror. price for his commodities. Parity means that the price received is in balance with the cost to the producer of the inputs he requires to produce. This currently is not the case and is the reason farmers are going broke. The latest figures I have seen for the ratio of commodity prices to the producer is about 38 percent of parity. No business or industry can survive for long on that basis. If farmers were getting at least a near parity figure for their products they would put a steady stream of debt-free money into the economy. Everyone who touched that money would profit a little. FRED FISHER Tulelake, California Tulelake (pronounced "Too-lee lake") is a city in Siskiyou County, California, United States. It is named after the nearby Tule Lake. The population was 1,020 at the 2000 census. Geography Tulelake is located at (41. |
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