Chapter
Upside-Down Economics in Farming
1:15:56 - 1:24:22 (08:26)
Farmers around the world are making planting decisions that are driven by upside-down economics, where the cost of rent, the average rent in Illinois, for example, and the cost of production are exceeding their expected profits. This is a major issue, and it's being monitored by the USDA; for instance, American farmers are expected to go back to planting soybeans since it offers more growth and profit than corn.
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The author emphasizes the need for equal competition in the tech industry, suggesting that there should be a version of a deal to ensure that core products and services have equal chances in the market.
1:15:56 - 1:19:03 (03:07)
Summary
The author emphasizes the need for equal competition in the tech industry, suggesting that there should be a version of a deal to ensure that core products and services have equal chances in the market.
ChapterUpside-Down Economics in Farming
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PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Due to upside-down economics, farmers are struggling to make planting decisions as the cost of inputs, rent, and production exceeds expected profits, leading to uneconomical decisions worldwide.
1:19:03 - 1:24:22 (05:18)
Summary
Due to upside-down economics, farmers are struggling to make planting decisions as the cost of inputs, rent, and production exceeds expected profits, leading to uneconomical decisions worldwide. Despite this, farmers are still going to plant crops, leading to financial struggles for many.