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Topic: Vegetable Prices Soar 40% as Crops Fail Under Extreme Weather - page 3. (Read 487 times)

legendary
Activity: 4410
Merit: 4788
though rainfall is low.. what you are also finding is the stupid politics of the water authority that gives out water "quota's" to counties, which the water authorities has for years been pretending more water exists than actually available to ensure california gets a nice amount of quota for water that does not exist

however because it awarded quota's to states that then divide it up to counties that then divide those quotas to farmers, where those farmers dont want to lose those quota's rate next year and so they have to fully use up their water amount this year to retain that rate. (it doesnt benefit them to save water) so they plant silly produce like nuts and avocado's that waste more water. just so they can use up their quota to retain their quota rate for the next year..

this leads to more water being sent to upstream counties which then means by the time the river flows down stream there is less water left.

3 months ago. the water authority demanded cuts to the quotas for ONLY arizona and nevada..
meaning good old california get to have as much as they want(quotad to have)

this meant that the cut to the quota's left some farmers with less water. in arizona.
yet the californian vineyards got to keep making their wine without exclusions
https://youtu.be/cp1ST9MxDcY?t=147



in short
nevada had to cut back to give more to califorina so that california can keep going, but meant arizona had to cut back as there were obligations that there needed to be some water left south of arizona

its funny how they say nevada and arizona are experiencing a drought of the colorado of decades .. yet california only 3 years..

and lets not get started on the fact that nevada, california and arizona are naturally desert states, where by there is a stupid over population of people on land that meant to be uninhabitable naturally

gotta love how the water agencies shuffle quotas around to give favourable amounts to certain locations and unfavourable limits to others OF THE SAME RIVER, and then say "blame climate"

if they for the last 2 decades actually measured water yields of reservoirs and then done a proper % split of amount per state. they might actually have had a better share and used less over all to keep some of the reservoir water locked in. instead of sending it all to california to grow nuts and avocados

its basically 80% bad math of quotas cause and 20% due to less rainfull to cover the bad math up
member
Activity: 454
Merit: 10
Vegetable prices in the U.S. are around 40% higher this year and experts are saying climate change has played a prominent role. Bloomberg is reporting that Arizona produces 90% of leafy greens in the U.S. from November through March each year, but crop production has been greatly affected this year by a drought forming from reduced water levels in the Colorado River.

this is the reason why technology plays such an important role in overcoming crop failures like this .. with technology we can manipulate the weather and grow crops without worrying about crop failure or pest attacks .. even though developing this kind of technology is quite expensive, but in the long run it will really worth it
legendary
Activity: 2576
Merit: 1860
I'm not a fan of issuing a coin out of everything. I think the time for tokenization has already passed. The year 2017 was the year when everything was tokenized, from banana to taxi, to tickets, to freelancing, to songs, to Trump and Beiber, to boobs, to Jesus, and everything else under and beyond the sun. And, yes, there's already POTATO and POTATOZ and, of course, Potcoin, and anything you can think of.

But I agree there's indeed money in HODLing agricultural produce. If only they're not perishable. But thanks God they're perishable. This HODLing is basically hoarding and it might really be bad. As a matter of fact, despite being perishable, there are issues arising every now and then here in my country of hoarding agricultural products to manipulate the supply and, therefore, the price. Right now, in fact, red onions is getting very expensive that day-to-day dishes of ordinary people don't use them anymore. I'm afraid many are sacrificing how their food tastes just to save a good deal. Accordingly, one of the reasons for this are syndicates hoarding this specific agricultural product.

So perhaps instead of making profit out of this, why don't governments just address this problem? A senator here, who is also the chairperson of the senate committee on agriculture, just brush the issue off by saying she can live without onions. I mean, is that it? Is that how the soaring prices of agricultural products are addressed? Why not programs and all kinds of initiatives?
sr. member
Activity: 588
Merit: 351
This makes me think whether the solution to water scarcity in the future will depend on our Desalination capacity (turn water from the ocean into potable water).
If I recall correctly, it is a process which consumes a big quantity of energy but it may be worth a shot to industrialize it, ideally using renewable energy or nuclear energy.

It would be also productive to use that obtained water efficiently, I have read some articles on how watering plants is better at night, since the evaporation rates are slower, for obvious reasons.

This'll be a large scale project that every country should be in. Polution is already seeping in each corner of this planet, and I could say based on my experience here in my country that crops are very hard to grow unlike before. It could only be said that agriculture is on a huge crisis right now, we even have several plots of land cultivated before for mud pond but it all dried up. Lots of farmers here in my country now opted to working and adapting to tech society because of this.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
This makes me think whether the solution to water scarcity in the future will depend on our Desalination capacity (turn water from the ocean into potable water).
If I recall correctly, it is a process which consumes a big quantity of energy but it may be worth a shot to industrialize it, ideally using renewable energy or nuclear energy.

It would be also productive to use that obtained water efficiently, I have read some articles on how watering plants is better at night, since the evaporation rates are slower, for obvious reasons.
legendary
Activity: 2562
Merit: 1441
Quote
The cost of produce in the U.S. is continuing to rise as crops dwindle from increasing levels of climate change.

Vegetable prices in the U.S. are around 40% higher this year and experts are saying climate change has played a prominent role. Bloomberg is reporting that Arizona produces 90% of leafy greens in the U.S. from November through March each year, but crop production has been greatly affected this year by a drought forming from reduced water levels in the Colorado River.

The decreasing amount of snow and rain has dwindled in recent years, moving into its 23rd year of drought, causing the Colorado River to shrink, according to research by Nature Climate Change.

The U.S. announced it plans to withhold about one-fifth of the water next year that’s given to Arizona’s farmers as climate change and the drought impact the Colorado River.

Meanwhile, California is known as the top state in the U.S. for agriculture but has faced severe droughts this year, resulting in $3 billion worth of losses, and after Hurricane Ian and Hurricane Nicole made landfall in Florida, it cost the produce industry nearly $2 billion across the state.

The loss in agriculture has prompted a rise in retail prices across the U.S., helping to drive inflation costs to the highest levels in 40 years. “There’s just not enough water to grow everything that we normally grow,” Don Cameron, president of the State Board of Food and Agriculture, told the Times of San Diego.

The cost of produce was up by 38.1% in November from the previous month, and the producer price index, which measures what companies are paid for their products, increased by 0.3% in November compared to the previous month, and increased 7.4% from a year ago, according to the U.S. Bureau of Labor Statistics.

Scientists have warned against climate change for decades, saying increased global temperatures will bring about extreme and unusual weather changes. The National Oceanic and Atmospheric Administration reported as of October of this year, there have been more than a dozen weather or climate disaster events, resulting in over $1 billion in losses in each instance.

“Every year the farmers who feed our nation get smarter and more resilient, but it’s increasingly stressful to adapt to the extreme variability they face,” Erica Kistner-Thomas, with the U.S. Department of Agriculture’s National Institute of Food and Agriculture, told USA Today. She added, “One year they’ll have the best year ever and then the next year they’ll be hit with a major flooding event or drought.”

Paul Mitchell, a professor of agriculture and applied economics at the University of Wisconsin, Madison told the outlet although “crops are more resilient to dry weather than they were 20 years ago,” as the events devastating crops become more frequent, crops won’t be able to adapt quickly enough.

“U.S. agricultural productivity is rising, but it’s not becoming more resilient to extremes,” Mitchell said and questioned, “When bad years start to line up, are we doing things to prepare for the unusual as it becomes more usual?”

https://gizmodo.com/food-prices-climate-change-inflation-drought-1849883609


....


Its still not too late to get in on agriculture HODL.

Quote
The cost of produce was up by 38.1% in November from the previous month

If it was possible to buy and hold produce, investment holdings could conceivably appreciated in value 38% in roughly 31 days.

Unfortunately, produce is a perishable commodity which makes it difficult to hold over the long term. Investors have access to futures contracts can allow them to HODL agriculture sectors if they believe prices will rise. This is the typical approach for wealthier investors.

What options do those with less disposable income have? A pack of seeds can cost as low as $5 which could conceivably allow for percentage interest on gains within an entry level setting. If it is possible to grow $50 of food from a $5 pack of seeds, then in theory 10x return on investment becomes possible.

Another approach could be for stablecoins pegged to the value of agriculture commodities. For example, if there was a theoretical crypto token called potato coin, which guaranteed it could be exchanged for 5 potatos. Said crypto token could be pegged to the value of potato commodities. This could be useful in various circumstances. Can anyone guess how?
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