Wednesday, May 19, 2010

The Old Familiar Story: Surpluses in Agriculture (Pot This Time)

Via Ann Althouse, here's an NPR story on a crash in marijuana prices in California.  Seems there's an oversupply of field-grown pot; buyers prefer the indoor stuff.  It ends, as other farm stories have ended over the decades:
"California's pot economy is transforming, and it's starting to resemble a real commodities market where only big players can compete. It's a shift that could leave some growers in the dust."

AFTERTHOUGHT: This is also a case where consumers presumably prefer the product of industrialized ag over natural field grown stuff.

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