Wall St. For Main St., Released on 4/12/20
Over the last 4-6 weeks, well over a dozen in depth and well researched articles have come out warning about the upcoming problems with the global food supply chain thanks to travel restrictions, temporary workers being denied the ability to cross borders, governments starting to hoard crops and also export bans. Before the coronavirus outbreak, many farmers, especially American farmers, were already dealing with record bankruptcies. Farmaggedon was killing many dairy farmers and pork and soybean farmers as China put tariffs on those. But, now #Farmaggedon looks to be far worse because of the coronavirus. How will farmers pass along cost increases to customers if there’s price controls and export bans on their produce?
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.