farm land, page-9

Yellow,
you are sounding very much like Kenneth? I have pondered that issue many a time, and I think ultimately
you will be right, after the collapse occurs, if it does. It is ultimately a question of timeframe.

In the meantime efficiency gains will be pushed to the max across all areas, in order to maintain the current way of life,
including the farmers.

Peak Oil has already occurred in my opinion, however the impact may not be immediately evident. The populous
(including our illustrious leaders) are still living in the consensus trance. Efficiency gains have and will continue to be made,
masking the underlying problem, which when it comes, will come with even more voracity.

I think you may be correct from a self sufficiency perspective, i.e people will see that it is futile to spend the majority of their
income on food, petrol and overpriced housing = net savings rate of zero. Alternatively they can sell up and buy a couple of hundred hectares,
run a few killers, brew a bit of their own, grow some Canola to run the diesel on etc.. Their net savings rate will probably also be zero, but at least they will be happy and feel free.

But do you think that the system is going to allow this to happen. I doubt it. There is a "moral" obligation to use the land in the most
productive fashion - I think the term is economic rent? All that has to happen is to shutdown this type of behaviour is upping the rates to the point that people can't afford to live that lifestyle.

Merely postulating...