
When we look at the income and expense categories of a dairy farm, it’s easy to see the #1 income is milk and the #1 expense is feed (overwhelmingly). Managing the expenses for the dairy business has always been a challenge and the new era of volatility magnifies it.

How does your farm handle this volatility? I don’t think there is a magic answer in how we manage this, however, there are multiple tools available that we can use to help mitigate the variables. I’d like to think that we won’t see this again but these times might be here to stay. I could go on and on with other ingredient disruptions, erratic prices and limited or no availability as those are just the beginning. $290 soybean meal in August to now over $500 a ton. We saw $2 and some odd cent corn in August and now we are pushing $6 corn. We saw dumping milk in manure pits with no demand, and then 3 months later record prices for milk. I’ve spent 27 years as nutrition consultant to farms and this past year witnessed some things for the first time, along with market instability getting more volatile with quicker peaks and valley’s than ever before. And so long as it is hard to make a living in the real Venezuela, plenty of Venezuelans will toil in the world of fantasy.This last year has brought out the most volatile times that any of us in the business of milking cows, processing milk, selling food, manufacturing feed or providing nutrition services have witnessed so far in our careers. The recent re-release of “World of Warcraft Classic”, the 15-year-old original version of a popular MMORPG, will probably give gold farming another fillip. It is not worth the game developer’s time “to enforce the rules at that level of granularity”, says Edward Castronova, who researches virtual worlds at Indiana University. The resources required to shut down each small-scale Venezuelan gold farmer are too large to make the effort cost-effective. When one intermediary website is shut down, a new one pops up to replace it.


Although developers want the games to be competitions of skill and dedication, illicit markets will form wherever supply and demand exist (a truth that is lost on Venezuela’s socialist leaders). This month the company won a lawsuit that put two gold farming websites out of business. Jagex, RuneScape’s British developer, has banned real-world trading and intermediary websites. Moderators removed the post and the intemperate comments on it.
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Two years ago a Reddit user who calls himself Cerael published a racially abusive guide on how to kill Venezuelans in the “player-v-player” places where gold farming occurs. That is because “farmers” without electricity could not produce any gold, and the lack of virtual coin forced up the prices of imaginary kit. When Venezuela suffered nationwide power cuts this year, sales of these goods nosedived. It has degraded the buying power of gold coins on the Grand Exchange, a RuneScape market where players can buy virtual necessities such as coal, maple logs, scimitars and green dragon hides (which can be turned into armour). Lately, though, MMORPGs have had a nostalgia-fuelled comeback, and gold farmers in crisis-hit Venezuela have been quick to profit. EBay, where gamers auctioned virtual goods, banned gold farming, as did South Korea.

Game developers beefed up their compliance teams.
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Some providers of free games sell virtual gold themselves, and dislike competition from unlicensed gold farmers.Īfter its heyday in the 2000s gold farming declined. Excess gold farming can cause in-game inflation-though less than the 200,000% that the IMF forecasts for Venezuela this year. Some hack into other people’s accounts and steal their virtual gold. Gold farmers are not really playing the game, they contend.
