Farming and Ranching is No ‘Get Rich Quick’ Scheme

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For some time now, the investment guru Jim Rogers has been encouraging young people not to pursue careers in high finance, but to become farmers. Rogers argues that in these times, farming is a greater path to wealth and riches than investment banking. Commodity prices are up, retail food prices are high and demand continues…


Spain overtakes drought-hit UK in grain production

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UK grain crops have suffered worst among Europe’s big cereals producers from the dry spring, leaving the country set to fall behind Spain in the region’s grain-growing table. Coceral analysts slashed to 273.8m tonnes their forecast for the European Union grain crop this year, 10m tonnes below an estimate made in March, when the region’s…


French wheat yields ‘not as bad as feared’

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France’s drought-struck wheat crop looks like beating the market’s worst fears thanks to the reviving effect of late rains, Offre Demande Agricole analysts said in their first analysis of the newly-started harvest. Early harvest results, from southern areas, showed yields down 22% year on year, thanks to a drought termed by some analysts as the…


European wheat harvest approaches judgment day

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The wheat market is approaching judgment day over a European harvest which, while set to beat gloomy quantity estimates made during the spring drought, is raising increasing concerns over quality. Fears for the milling credentials of Europe’s production have been felt even in the US, contributing to a reinflation of premiums of harder wheat contracts…


Potato farmers suffer 2nd dismal season

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BEIRUT: Potato farmers looking to recover losses made during an unseasonably dry harvest season last year have had their hopes dashed, as prices of the produce plummet to below total costs by roughly LL150 per kilogram. The year’s first potato harvest, which runs from early June to late August, has seen yields that are “exponentially…


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