Very good. Rice and coconuts are the future of agriculture in Guyana.

weh Labba de -0.8% man deh?

he is GNI's GDP hexspert

Great to see the industry is proving its resilience in the face of challenges.  Mexico replaced Venezuela!   Coalition govt deserve some credit here.  

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

Nagamootoo promised the rice farmers $9,000 per bag for paddy in 2015.  He has $6,000 per bag more to keep his promise.  

What I find interesting is the farmers are planting more at the lower price point.  Are the racking large losses?  Would be interesting to see if this is sustainable.  I believe productivity/yields are partially mitigating the lower price. 

Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

if they are making a profit @ $3000/bag then they have brought costs down and/or are increasing yields . . . meaning that the industry is competitive

that's far better than sitting on your inefficient ass, saddled with an unsustainable production set up and wishing for $4500/bag

that's Jagdeo sugar economics . . . look where it got we

ronan posted:

Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

if they are making a profit @ $3000/bag then they have brought costs down and/or are increasing yields . . . meaning that the industry is competitive

that's far better than sitting on your inefficient ass, saddled with an unsustainable production set up and wishing for $4500/bag

that's Jagdeo sugar economics . . . look where it got we

How did you arrived at a profit of $3000/bag .

Dave posted:

ronan posted:

Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

if they are making a profit @ $3000/bag then they have brought costs down and/or are increasing yields . . . meaning that the industry is competitive

that's far better than sitting on your inefficient ass, saddled with an unsustainable production set up and wishing for $4500/bag

that's Jagdeo sugar economics . . . look where it got we

How did you arrived at a profit of $3000/bag .

That’s not what he is saying.  He’s saying profitable at a price of $3k/bag.  Same question I have but asked in another way.  

We don’t have numbers but behaviors.  If the planters are losing, then why is output increasing?  Is there another magic at work?

i believe productivity and efficiency is having an impact. 

Dave posted:

ronan posted:

Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

if they are making a profit @ $3000/bag then they have brought costs down and/or are increasing yields . . . meaning that the industry is competitive

that's far better than sitting on your inefficient ass, saddled with an unsustainable production set up and wishing for $4500/bag

that's Jagdeo sugar economics . . . look where it got we

How did you arrived at a profit of $3000/bag .

Easy, Math  is poison for him.

I wonder why the PPP freaks think that a Venezuela market at the old prices is available.  Venezuelans are literally battling with stray dogs at garbage dumps to find food. Why will the Venezuelan gov't pay more than the world price for rice when they cannot even provide basic services to their people?

I say let private people sell rice to Guyana and then wait for them to squawk when they don't get paid.

Noted that the rice farmers say that they are now getting paid faster.  

Al yuh notice when PNC ruling Guyana some people does suddenly find Jesus Some people so RACIST and DUMB they would never be able to know how deep in shit they are since it will be natural for them to think they are Ivy League qualified!!!

ronan posted:

Reeper posted:

I would not be shouting from the roof tops about bumper crop since $3000 a bag is a far cry form $4500 a bag in 2015 before apnu took over. 

from previous crops to $3000 per bag of paddy.”With a bumper first crop, 

if they are making a profit @ $3000/bag then they have brought costs down and/or are increasing yields . . . meaning that the industry is competitive

that's far better than sitting on your inefficient ass, saddled with an unsustainable production set up and wishing for $4500/bag

that's Jagdeo sugar economics . . . look where it got we

Whether they make a profit is still unknown, I supposed you can make the argument they would not invest if they didn't make a profit. Time will tell whether they will continue to plant at these prices. 

Reeper posted:

 

Whether they make a profit is still unknown, I supposed you can make the argument they would not invest if they didn't make a profit. Time will tell whether they will continue to plant at these prices. 

No one expands production if they are losing.  This would mean that they would spend more to grow more, but also lose more because of an unsustainable price.

It appears as if their yields have improved  and in addition they claim that they are being paid faster.  Having to fund their receivables when the PPP was playing games with paying them drove up their costs.

I believe they are profitable, the big ones at least.   Guyana has a high cost and this needs to be addressed.  They need to benchmark with other low cost producers and dissect their cost structure and adopt best practices.

The govt also needs to explore added value down streaming.  As KP said, they should consider bringing back some elements of F in the FCH program.

caribny posted:

Reeper posted:

 

Whether they make a profit is still unknown, I supposed you can make the argument they would not invest if they didn't make a profit. Time will tell whether they will continue to plant at these prices. 

No one expands production if they are losing.  This would mean that they would spend more to grow more, but also lose more because of an unsustainable price.

It appears as if their yields have improved  and in addition they claim that they are being paid faster.  Having to fund their receivables when the PPP was playing games with paying them drove up their costs.

Good point, not sure that yields have improved as there is no mention of bags per acre yield. However if Guyanese farmers are to compete with word market prices, they have no choice but to employ economies of scale and the latest technologies to cut down inefficiencies. 

“What we have seen in the first crop; generally, there have been improved productivity issues. Pests and disease were managed; farmers were being paid faster than previous crops; prices paid were improved from previous crops to $3000 per bag of paddy.”

Baseman posted:

I believe they are profitable, the big ones at least.   Guyana has a high cost and this needs to be addressed.  They need to benchmark with other low cost producers and dissect their cost structure and adopt best practices.

The govt also needs to explore added value down streaming.  As KP said, they should consider bringing back some elements of F in the FCH program.

What about govt subsidies? Put that oil money to use productively. 

Reeper posted:

Baseman posted:

I believe they are profitable, the big ones at least.   Guyana has a high cost and this needs to be addressed.  They need to benchmark with other low cost producers and dissect their cost structure and adopt best practices.

The govt also needs to explore added value down streaming.  As KP said, they should consider bringing back some elements of F in the FCH program.

What about govt subsidies? Put that oil money to use productively. 

Subsidies should be used if and when appropriate and not to prop inefficient operations.  Oil monies should be used to build infrastructure and an efficient power grid to bring down overall cost of doing business. 

Baseman posted:

Reeper posted:

Baseman posted:

I believe they are profitable, the big ones at least.   Guyana has a high cost and this needs to be addressed.  They need to benchmark with other low cost producers and dissect their cost structure and adopt best practices.

The govt also needs to explore added value down streaming.  As KP said, they should consider bringing back some elements of F in the FCH program.

What about govt subsidies? Put that oil money to use productively. 

Subsidies should be used if and when appropriate and not to prop inefficient operations.  Oil monies should be used to build infrastructure and an efficient power grid to bring down overall cost of doing business. 

Question, when the US gives out subsidies to farmers, how do they determine that they are not propping up inefficient operations? Maybe this could be a model to leverage.