There are no High Time Preference Farmers
They have to think years out, planting in the face of a storm or a late freeze that could ruin a whole season because over a long enough it will work out eno...
There are high time preference farmers. Their children usually end up becoming commodities traders.
Corn and soybean farmers who still don't even practice no till or use non-gmo seed are the default across the Midwest.
Also, feedlot beef, confinement chickens and pork, all high time preference activities.
Corn and soybean farmers who still don't even practice no till or use non-gmo seed are the default across the Midwest.
Also, feedlot beef, confinement chickens and pork, all high time preference activities.
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