Over the next several years energy cost will overshadow labor cost. All markets are global for oil but the natural gas price reflects the supply/demand in different countries, states, etc. If the US and various State governments allow development of major gas fields the price will come down to a level that will support a resurgance of heavy industry. The USA will require a high industrial output to support the inevitable increase in food production and the associated handling, hauling etc. The world needs ever increasing food stocks and the USA and Canada will supply a large percentage of it. No country on earth can even begin to match our capacity for agricultural output on top of which 92% of all agricultural research and engineering still originates in the US.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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