Not very likely when prices are at levels that are very profitable for farming- or at least that farming interests are likely to join in such an effort in large numbers.
The Ag Econ boyz choked on reality when asked to comment on convergence, impact of indexers etc. They were afraid of possibly being blamed if the markets threw a fit and decided they liked their positions better than the truth.
Of course the freedom to comment on the broad public interest is precisely why we grant tenure to professors at public universities, but nevermind. Tenure is fairly meaningless today when everything is about external funding- it doesn't matter if you have tenure if you don't have funding- and funding is highly dependent on saying what fundres want said.
BTW, talk (that seems quite credible) is that the big banks are willing to abandon their prop trading operations as a ploy to keep their much more lucrative derivatives businesses intact- and of course they can continue most of the prop trading under the guise of derivatives trade anyway.
The system has been thoroughly captured by the highest bidder.
Speaking in generalities, you can keep a system rolling almost indefinitely with the serfs getting the pickle. It can probably even go quite a while with the knaves getting it. But when you start moving up to the knights not getting theirs, the head that holds the crown and those of the courtiers need to be worried.
Current political discourse is mostly about keeping the knaves believing that their interests are aligned with those of the crown.
Today's commercial farmer is most definitely a knight and has been treated very well by the crown in order to buy his allegiance. Again, don't expect much help from there until after TSHTF.
fwiw, h
