I have read articles that say the dollar as we know it is falling fast and I do not like it.
When our dollar weakens the prices goes up, just look at the price of gas, food, travel, almost everything we need or do deepens on the dollar.
Here is a Quote by- Edward A. Evans
"Since 2002, the U.S. dollar has fallen or weakened by as much as 35 percent against the European euro and 24 percent against the Japanese yen (Chipello 2004; Sanger, 2005). The weakening U.S. dollar is very much talked about, but should farmers in general and those in Florida in particular really care? Is the falling U.S. dollar good, bad, or indifferent for the growers and agribusinesses in the South?"
There Is a Good Question what is that answer,
another quote by- Edward A. Evans
when the U.S. dollar weakens or decreases in value, foreigners pay less for the U.S. dollar, and U.S. consumers and businesses pay more for a unit of foreign currency. This has the opposite effect of a strengthened U.S. dollar. A weak U.S. dollar decreases the cost of and increases the demand for U.S. commodities and services abroad. An increased demand abroad for U.S. commodities causes U.S. domestic prices and profits to increase. However, a weakened dollar means U.S. importers must now pay more for a unit of foreign currency, which increases prices to U.S. consumers for imported goods and services. This in turn could cause U.S. demand for foreign goods and services to decrease. In this situation, locally-produced commodities stand a better chance of competing with foreign imports. In general, while a weak U.S. currency makes our goods more competitive abroad and at home, which could positively influence a farm's profitability, it also makes goods imported from abroad more expensive, and our commodities more competitive in the domestic market since it discourages imports.
Here is a video to listen to and you decide
When our dollar weakens the prices goes up, just look at the price of gas, food, travel, almost everything we need or do deepens on the dollar.
Here is a Quote by- Edward A. Evans
"Since 2002, the U.S. dollar has fallen or weakened by as much as 35 percent against the European euro and 24 percent against the Japanese yen (Chipello 2004; Sanger, 2005). The weakening U.S. dollar is very much talked about, but should farmers in general and those in Florida in particular really care? Is the falling U.S. dollar good, bad, or indifferent for the growers and agribusinesses in the South?"
There Is a Good Question what is that answer,
another quote by- Edward A. Evans
when the U.S. dollar weakens or decreases in value, foreigners pay less for the U.S. dollar, and U.S. consumers and businesses pay more for a unit of foreign currency. This has the opposite effect of a strengthened U.S. dollar. A weak U.S. dollar decreases the cost of and increases the demand for U.S. commodities and services abroad. An increased demand abroad for U.S. commodities causes U.S. domestic prices and profits to increase. However, a weakened dollar means U.S. importers must now pay more for a unit of foreign currency, which increases prices to U.S. consumers for imported goods and services. This in turn could cause U.S. demand for foreign goods and services to decrease. In this situation, locally-produced commodities stand a better chance of competing with foreign imports. In general, while a weak U.S. currency makes our goods more competitive abroad and at home, which could positively influence a farm's profitability, it also makes goods imported from abroad more expensive, and our commodities more competitive in the domestic market since it discourages imports.
Here is a video to listen to and you decide
No comments:
Post a Comment