The flooded midwest

[jacksonM]

Check it

You are obviously more well-read than me. Most of what I have read about the Victorian era has been in the genre of pornography,

Was it mostly flip books, then?

Totally boring. Mine were much more interesting.

[Kriegsspiel]

BTW, our very own Tyler wrote a parable about flooded farmland recently.

#teamlazybrother

i read an article that was claiming the severity of the flooding (there would have been some flooding there always is) was increased when the gov agency in charge flipped the priority’s from protecting people and property being the first priority to the last, in a list of five or so, and protecting the environment to number one on the list, up from last. apparently they are trying to mimic pre levy water flows and in the grand tradition of central planing and government wisdom they held back to much water, messed it up and made the flooding far worse and far more destructive than it should be....

[Cortopassi]

BTW, our very own Tyler wrote a parable about flooded farmland recently.

#teamlazybrother

Very good!

[Mountaineer]

BTW, our very own Tyler wrote a parable about flooded farmland recently.

#teamlazybrother

Very good!

Quite excellent. I'm pondering if the central message is an ode to "Lilies of the Field", "Faith by Grace", "The One in Charge", "John Bogle Philosophy" or all of the above.

[Kriegsspiel]

Some interviews with farmers about the flooding popped up on my tube. I recall a few weeks ago that USDA estimates seemed to imply that the flooding wasn't that big of a deal, and harvests were going to be ok. But it looks like Zero Hedge might have been right, harvests look like they're much lower in the midwest.

[Kriegsspiel]

Don't know how related it is, but thought I'd throw this in here. How long of a lag is it between a bad harvest and when it's felt in the market? I can't imagine crop futures are bought years in advance.

[Kbg]

2-3 years out for most ag futures.

[Mountaineer]

Don't know how related it is, but thought I'd throw this in here. How long of a lag is it between a bad harvest and when it's felt in the market? I can't imagine crop futures are bought years in advance.

Read about the mini ice age around 1780-90, the storms with softball sized hail in Northern Europe that destroyed crops, and the French Revolution. Not too much lag.

[dualstow]

(Sees post from JacksonM, realizes he’s (I’m) reading old thread)

[Kriegsspiel]

Corn futures jump to a 7-year high on supply concerns.