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I dont disagree with you one bit Cruising. However on the Ag side there is a huge need for Society to support agriculture. Its a bloody risky business that requires huge capital inputs and competes with for its land base with generally recreational and residential uses. The amount of our disposal income we spend on food is a mere portion of what it was 20 years ago. And an ever decreasing portion of our population has any connection to the land. That means ever decreasing political power. If things go as I expect you will see decreasing production in North America due to that competition and due to ever decreasing supplies of water. California is really the place at risk. It represents 25% of North American food production and with no end to a drought in sight it is not looking good. You want to talk about market bubbles I predict a food bubble and its going to burst in due course.
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