Back in the 90s I worked out the arithmetic and concluded that legalizing agricultural hemp (not marijuana but fiber) and reducing American beef consumption by 10%, would save the South American rainforests.
I forget the numbers now, but at the time almost all timber logging in the rainforests was to make paper. I remember buying some really nice plywood called “teppa” that came from I think Argentina, which became unavailable because all the logs were being pulped. Anyway, if the market for beef dropped 10%, forcing the beef industry to cut production, the drop in cattle feed consumption would reduce the demand for corn (a main component). If the land were used for hemp fiber instead it would produce enough paper to completely replace our paper imports from S.A.
This practical exercise probably taught me more economics than my college Econ 101 class.
Should be obvious to a prof that the beef and cattle feed producers would lose some business, the hemp farmers would get it instead, and the money spent on paper would stay in the country. Seems pretty simple.
Back in the 90s I worked out the arithmetic and concluded that legalizing agricultural hemp (not marijuana but fiber) and reducing American beef consumption by 10%, would save the South American rainforests.
I forget the numbers now, but at the time almost all timber logging in the rainforests was to make paper. I remember buying some really nice plywood called “teppa” that came from I think Argentina, which became unavailable because all the logs were being pulped. Anyway, if the market for beef dropped 10%, forcing the beef industry to cut production, the drop in cattle feed consumption would reduce the demand for corn (a main component). If the land were used for hemp fiber instead it would produce enough paper to completely replace our paper imports from S.A.
This practical exercise probably taught me more economics than my college Econ 101 class.
Your professor in econ 101 would probably ask where the profit is though.
Should be obvious to a prof that the beef and cattle feed producers would lose some business, the hemp farmers would get it instead, and the money spent on paper would stay in the country. Seems pretty simple.