Comments on: Surviving rather than living

By: jehoener

jehoener — Sun, 25 Mar 2012 15:20:00 +0000

Congratulations to the farmers in the story for their courage, persistence and hard work in caring for their families and businesses. They are heroes.

By: Oogle

Oogle — Sat, 24 Mar 2012 03:24:21 +0000

Let’s say cotton is the highest produce for returns. Most farmers will chose to produce cotton until the prices will lower until equilibrium where profits=minimum, then it is time to move over to other produce, that gives the next better pricing and returns, this will go on forever as market consolidates, the trick is planning when to enter and get out of the markets to get maximum returns.

By: Oogle

Oogle — Sat, 24 Mar 2012 03:09:49 +0000

Since the price of olive is low, you should consider other methods of farming that will give a higher return eg organic farming, the most important consideration factor will be the farm subsidies you get to consider what produce to choose and the land’s ability to adapt. Just by sticking to the old produce is definitely a no-brainer which is the cause of your poverty. By changing to a high yield high return produce you will definitely get your funding, so a bank loan is no issue then, that is the only way to move up the poverty cycle.