The production of raw materials, especially farm production, as new wealth from the earth is the primary source of earned national income, consumer markets, and earned operating profit.
Underpayment by society for the production of this new wealth forces the economy as a whole to operate at a loss. This lack of price for farm production is the source of the need for debt replacement of earned income within all of society on this planet.
It is important for readers to understand the reason for this dislocation between rural and industrial regions in a nation. The principal factor bringing about this dislocation is the wrong-headed thinking by our leadership today.
Read Also
Growth plates are instrumental in shaping a horse’s life
Young horse training plans and workloads must match their skeletal development. Failing to plan around growth plates can create lifelong physical problems.
The principal error made by economists and the people in regards to the importance of agriculture is to think in terms of the individual farm operators, their size and the thinking that because farms are bigger they don’t need the price they receive for their production. Thus we fail to think in terms of the total value of all farm production upon our economy. We thus ignore the simple truth, which should be self-evident, that farm production, farm prices translated into income plus the total value of other raw materials determines the income of all the population living in and around a rural area and in most cases income of our major industries.
If we want to enact a recovery from debt and poverty, we must pay farmers parity prices for their production, otherwise all of society loses out. The alternative is disparity.
Which will we choose? …
Ronald E. Kennedy,Simpson, Sask.
