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Arable Farming
Cropping
£200/t wheat ...
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<blockquote data-quote="farenheit" data-source="post: 7733445" data-attributes="member: 27402"><p>Exactly. Imagine that you bought 50,000 acres of land with the hope that perhaps a magic half an acre would give you 100,000 tons of wheat per year. You'd think it was a hell of a risk with a small likelihood of finding it. But your neighbour may have some new technology which allows him to narrow that area down to 1000 acres. He gets lots of funding from investors so he starts to buy lots of land. But it's still a huge risk. So very few farmers end up doing it. But there is always a demand for this wheat, so those that do can get huge paydays. That's essentially oil. It's much much harder than growing wheat.</p></blockquote><p></p>
[QUOTE="farenheit, post: 7733445, member: 27402"] Exactly. Imagine that you bought 50,000 acres of land with the hope that perhaps a magic half an acre would give you 100,000 tons of wheat per year. You'd think it was a hell of a risk with a small likelihood of finding it. But your neighbour may have some new technology which allows him to narrow that area down to 1000 acres. He gets lots of funding from investors so he starts to buy lots of land. But it's still a huge risk. So very few farmers end up doing it. But there is always a demand for this wheat, so those that do can get huge paydays. That's essentially oil. It's much much harder than growing wheat. [/QUOTE]
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Arable Farming
Cropping
£200/t wheat ...
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