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<blockquote data-quote="Bright Raven" data-source="post: 1602639" data-attributes="member: 27490"><p>In Robertson County Kentucky, I know of one operation that is making a living solely in the cattle industry. I outlined them above.</p><p></p><p>The "real key phase" is <u>making a living</u>. The cattle industry perhaps contributes to making a living but I only know of one producer that makes a living on cattle. That was the essence of my point about the gentleman mentioned above.</p><p></p><p>I would only be speculating but certainly the cattle industry contributes to the economy in the way of services, equipment sales, supplies, etc. If I had to guess, it is probably a small contribution. Most of the off-the-farm income is related to industry (i.e., 3M is a big employer in an adjoining county), energy (power plants, Columbia Gas), government (state and local mostly), etc.</p><p></p><p>The cattle industry has value and there will be an effort to keep it viable. However, we profess to be capitalist, at the end of the day, the market should rule.</p><p></p><p>On a broader view, one looks at the history of economics in the US. First, subsistence farming, trapping and hunting. Then, industrialization. Then, deficit spending and a service economy. Now, we are headed into a phase when science and technology will dampen the need for human labor and services. Just today, UPS got approval to use drones to fly cargo. Artificial intelligence is replacing humans and the AI does it without all the emotions. One has to wonder when humans are going to become obsolete or at a minimum, what do you do with a burdensome population that has nothing to do.</p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1602639, member: 27490"] In Robertson County Kentucky, I know of one operation that is making a living solely in the cattle industry. I outlined them above. The "real key phase" is [u]making a living[/u]. The cattle industry perhaps contributes to making a living but I only know of one producer that makes a living on cattle. That was the essence of my point about the gentleman mentioned above. I would only be speculating but certainly the cattle industry contributes to the economy in the way of services, equipment sales, supplies, etc. If I had to guess, it is probably a small contribution. Most of the off-the-farm income is related to industry (i.e., 3M is a big employer in an adjoining county), energy (power plants, Columbia Gas), government (state and local mostly), etc. The cattle industry has value and there will be an effort to keep it viable. However, we profess to be capitalist, at the end of the day, the market should rule. On a broader view, one looks at the history of economics in the US. First, subsistence farming, trapping and hunting. Then, industrialization. Then, deficit spending and a service economy. Now, we are headed into a phase when science and technology will dampen the need for human labor and services. Just today, UPS got approval to use drones to fly cargo. Artificial intelligence is replacing humans and the AI does it without all the emotions. One has to wonder when humans are going to become obsolete or at a minimum, what do you do with a burdensome population that has nothing to do. [/QUOTE]
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