Starting with an average grain yield of 3.75 tonnes hectare and a realistic average price of $220 per tonne, a Haystack farm will produce $497,775 from each hectare in a hundred years, which is the life expectancy of a child born today.
This allows for a modest 3% increase p.a. for combined yield advantage and price increase. Haystack yields are currently increasing at 2% p.a. due to improved genetics and farming technology, and with predictions that we will run out of food long before we run out of energy, 1% for natural price increase is modest.
This amount of wheat makes $10,774,349 worth of bread at $2 per loaf from every hectare over a child’s life expectancy. Real figures!
Talk about kill the goose that lays the golden egg.
How can a Mining Licence be in anyone’s best interest?
Food4Naught
YouTube: http://www.youtube.com/watch?v=669lsVI4Zrc
Website: www.coal4breakfast.com.
Jennifer Marohasy BSc PhD has worked in industry and government. She is currently researching a novel technique for long-range weather forecasting funded by the B. Macfie Family Foundation.