Grain Is our Oil' : Russia Is Besting the U.S. as a Wheat Powerhouse

[endicom]

MarketScreener
James Marson
Sept. 23, 2018

OTRADNAYA, Russia -- Vladimir Mishurov transformed the remnants of the "Lenin's Path" collective farm in this village into a profitable business. He also helped make Russia the world's largest wheat exporter for the first time since the last years of the czars.

Over the past decade or so, Mr. Mishurov replaced his aging Russian equipment with a dozen high-tech machines from John Deere and other makers, and started using powerful new fertilizers and seeds. He bought and rented more acres from neighbors and family, eventually reaching about 3,600, taking advantage of Russia's overall low prices for land.

And as many farmers do in the U.S., he often worked days on end with little sleep, especially during the harvest.

More... https://www.marketscreener.com/WHEAT-FUTURES-ZW-CBE-16218/news/Grain-Is-our-Oil-Russia-Is-Besting-the-U-S-as-a-Wheat-Powerhouse-27303320/

[IsailedawayfromFR]

I daresay we have nothing to worry about.

While their labor costs are cheap, they are buying John Deere tractors from us.

The motive to make a profit causes more productivity in the US than Russians will ever have.

[endicom]

I daresay we have nothing to worry about.

While their labor costs are cheap, they are buying John Deere tractors from us.

The motive to make a profit causes more productivity in the US than Russians will ever have.

As the article says, Russia was once the largest grain producer and apparently is again. And the farmers highlighted seem to understand the profit motive.

[jmyrlefuller]

As the article says, Russia was once the largest grain producer and apparently is again. And the farmers highlighted seem to understand the profit motive.

Well, a warmer climate allows for more grain to be grown in northern countries like Russia... but given that America is moving away from wheat in our carb-conscious society, is it really all that worrisome?

[endicom]

Well, a warmer climate allows for more grain to be grown in northern countries like Russia... but given that America is moving away from wheat in our carb-conscious society, is it really all that worrisome?

Exports.

[IsailedawayfromFR]

As the article says, Russia was once the largest grain producer and apparently is again. And the farmers highlighted seem to understand the profit motive.

Then why is that profit motive not increasing wheat production rather than decreasing it in Russia as we go the other direction? @endicom



https://www.cornandsoybeandigest.com/risk-management/wheat-leader

[DCPatriot]

Well, a warmer climate allows for more grain to be grown in northern countries like Russia... but given that America is moving away from wheat in our carb-conscious society, is it really all that worrisome?

"Wheat....corn for ethanol.....what's the dif?