13 September 1999
‘Farmers could learn from Arabs’
THE basic economics of supply and demand are the subject of a wry comment in the “Farmers Diary” section of The Herald.
Farmers have much to learn from Arab countries which clubbed together and reduced production, thereby successfully forcing up the price of oil, it says.
Pig and potatoes are just two of several markets which have seen margins destroyed by farmers producing more and more to boost incomes, writes Charlie Allan.
“If the farmers would let the Saudi Arabs organise the [farming] industry, … theyd have put away an extra cow each, created a shortage, and then reaped the rewards.”
- The Herald 13/09/99 page 26