A WSJ article (subscription req) talks about how a growing co-op of farmers is trying to boost potato prices by controlling supply. In the process, farmers are destroying part of their crop to avoid oversuppy. The article gives an example of one farmer who buried $10,000 worth of perfectly fine potatoes.
Hello! Are we losing perspective here?? There are millions in the developing world without food to eat. And here we are trying to influence demand-supply by intentionally destroying food. It seems to me that our perspective is being heavily skewed by economic gain, at the cost of being blind to the broader Human context.
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Wednesday, September 27, 2006
Potato Burial
A WSJ article (subscription req) talks about how a growing co-op of farmers is trying to boost potato prices by controlling supply. In the process, farmers are destroying part of their crop to avoid oversuppy. The article gives an example of one farmer who buried $10,000 worth of perfectly fine potatoes.
Hello! Are we losing perspective here?? There are millions in the developing world without food to eat. And here we are trying to influence demand-supply by intentionally destroying food. It seems to me that our perspective is being heavily skewed by economic gain, at the cost of being blind to the broader Human context.
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