The peak oil crisis: In the eye of the storm

Let’s take a bad, if not the worst, imaginable scenario. Suppose the world economy really goes sour in the next year or two; unemployment soars into double digits; consumer sales, agriculture and industrial production drop markedly across the developed world and international trade melts. What happens to oil production, demand, and prices?

What’s organic farmland worth? Or is it a pearl without price?

I and many thousands of small farmers are the village idiots of agriculture. We farm because we like to make little paradises out of our land while growing good food on it. What we make as a return on investment in money doesn’t matter as crucially as it does for the dime-takers. We often choose the nickel because we have learned that taking the dime means servitude to commodity markets and agribusiness giants over which we have no control.