Organic - will it make sense at $200 a barrel?
..a study suggests that the price of oil could soon make cereal crops grown with fertilisers more expensive than those produced more naturally....
With oil predicted to reach $200 a barrel within five to 10 years, the profit margin on organic wheat, barley and oil seed rape would be as much as £411.
This compares with up to £348 for the same crops produced by non-organic methods, according to the study by Andersons, the farm business consultants.
I can't find the report this is based on, but that extract is completely meaningless; profit per what? Organic farming needs more labour, so what is the cost of labour? It needs more cultivations, are the harrows pulled by horses? And are they comparing at the same selling price with no organic premium? I don't know, though you can guess I am sceptical of it all. If you come across a copy of the report please forward it to me.