Wheat, water, and Saudi Arabia (Optional)
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Very recently the Saudis had the good sense to announce they are giving up their attempts to grow wheat altogether. Here is the back-story.
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Does 2008 or so, then, also mark the beginning of Saudi Arabia's newer strategy of pursuing agricultural "self" sufficiency by buying up cropland in Africa (e.g., Ethiopia)?
So since 2008 Saudi Arabia has been investing in coastal warehouses since all the earlier warehousing capacity created was inland closer to farms. Seems like monumental waste of investment and resources in pursuit of self sufficiency.




Of course, the farmer wouldn't lose money individually (their individual cost would still be lower than the selling price). It would be the country, as a whole, that would lose money via subsidies.