I spent a year on a crop farm on the canterbury plains, i would hazard to guess with an irrigation system it's a better place to farm than 99% of the uk would be. About 2-3ft of sandy silt then bottomless river gravel but enough water to put out 100mm/week on the whole farm.
Very nice while it lasts, SillyPhily, but the Canterbury aquifer's being rapidly eroded.
This is only too typical of the huge level of agricultural production which has been brought forward from the future due to the current Zero Interest Rate Policy (ZIRP).
Net result of this over-investment of cheepo funds in new production facilities has been the rapidly falling prices seen, for example, for all the extra beans (from South America), wheat (from Eastern Europe) and milk (from the Canterbury Plain, again).
So ZIRP reduces everyone's trading margins and, simultaneously, puts up the cost of land.
Brilliant!
Obviously, the downside arises as soon as the water runs out.
Very good news, probably, for the next, or next-but-one, generation of farmers in the UK.
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