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True. I, a farmer, will just buy more fertilizer and plant more grains to take advantage of high price levels. Let me just take a big swig of coffee before I check fertilizer prices.
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Fun fact, when prices increase radically for a commodity it incentivizes everybody to produce that commodity and the price goes back down. That's why you always read doom and gloom stuff like this and the world never ends and you forget about it. twitter.com/BryanDeanWrigh…
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“We don’t have to worry about famine because food prices will reach a new long term equilibrium” is a hell of a take.
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