Environment & Energy
In reply to the discussion: Nicholas Stern: 'I got it wrong on climate change – it's far, far worse' [View all]Nederland
(9,979 posts)Its says that farmers are simply switching to different crops as climate changes. Sounds like the market is adapting to the changes just fine...
Agribusiness giant Cargill Inc. is investing in northern U.S. facilities, anticipating increased grain production in that part of the country, said Greg Page, the chief executive officer of the Minneapolis-based company.
The number of rail cars, the number of silos, the amount of loading capacity all change, Page said in an interview in New York. You can see capital go to where there is ability to produce more tons per acre.
Losses in some areas will mean gains in others, Page said. A native of Bottineau, a small town on North Dakotas border with Canada, Page said that when he was in high school in the 1960s, you could grow wheat -- or wheat. That was it, he said.
You go to that very same place today -- they can grow soybeans, they can grow canola, they can grow corn, they can grow field peas and export them to India, he said. A lot of that has been to do with the fact that they have six, eight days more of frost-free weather.