It’s crazy when you think about the whole supply chain: preparing the soil, ploughing, applying fertilisers, applying pesticides, harvesting, processing, transporting
It’s also crazy how efficient modern agriculture must be to do all these things and get affordable products in the end
It’s also crazy how efficient modern agriculture must be to do all these things and get affordable products in the end
efficiency ≠ price
you’ve glossed over a lot of economics. Like, for one thing, the EU gives about €55 billion in agricultural subsidies a year.
Cost of production puts a lower bound on the price. In case of competitive industries, price floats just above that limit
Right. And food is sold at below that lower bound, which is one reason it is affordable.