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Thread: How can we afford our lives!!!

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[quote=TRAVELLERMIKE,242072]I know it is little comfort, but the higher prices for basic items (including food), created in a booming market, act as a good stimulus for their production. So long as the increase in production is not frustrated by nature or management failure, the price should be stopped from 'sky-rocketing' by customers being able to find merchants who will sell increasingly available products, at more competitive prices.

Because food stuffs have relatively long times involved in changing capacity up and down (it takes time to seed and grow), and food avalability is strategically important, most so-called 'free' economies have some form of 'assisted' market to help regulate production (usually by governments guaranteeing minimum prices for set production targets).  I am sure that China has similar mechanisms either already in place or planned that may be used for this purpose. The farmer who asks 'will the food price keep sky-rocketing?' should always be prepared for the answer... not for long! but in a growing economy farmers should be very comfortable if they run their businesses well.[/quote]

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