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505-555 Level|   Complete the Passage|                        
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AndrewN
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Market forecaster: The price of pecans is high when pecans are compara 06 Jul 2021, 09:31
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SALAKSHYA
Hi AndrewN,
I think you are missing the thing that we are comparing this year price vs last year price . If last year harvest was low too, then this year prices will not be comparativly high
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Hello, SALAKSHYA. It seems presumptuous, perhaps, to tell me what I am missing. I wrote my response with the passage and question stem in mind, I can assure you. I am not sure I follow exactly what you may be getting at in the second line. However, if you are outlining a conditional statement to suggest that because the harvest last year was low, we can conclude that prices this year will not be comparatively high, that is simply incorrect, an interpretation that would ignore the word nevertheless—i.e. despite _____, even so—that frames the information in the final line of the passage. Is there some point that no other post in the thread has commented on that you seek clarification on? I am trying to understand the purpose of your post.

- Andrew
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Market forecaster: The price of pecans is high when pecans are compara 07 Jul 2021, 06:59
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SALAKSHYA
Hi AndrewN,
I think you are missing the thing that we are comparing this year price vs last year price . If last year harvest was low too, then this year prices will not be comparativly high
Hello, SALAKSHYA. It seems presumptuous, perhaps, to tell me what I am missing. I wrote my response with the passage and question stem in mind, I can assure you. I am not sure I follow exactly what you may be getting at in the second line. However, if you are outlining a conditional statement to suggest that because the harvest last year was low, we can conclude that prices this year will not be comparatively high, that is simply incorrect, an interpretation that would ignore the word nevertheless—i.e. despite _____, even so—that frames the information in the final line of the passage. Is there some point that no other post in the thread has commented on that you seek clarification on? I am trying to understand the purpose of your post.

- Andrew
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Hi Andrew,
Pardon me, My only intention of writing that comment was to learn and I love to learn from experts like yourself and I always look for solutions given by you.

What I want to say that question has explicitly mentioned for reason for prices compared to last year.

Market forecaster: The price of pecans is high when pecans are comparatively scarce but drops sharply when pecans are abundant. Thus, in high-yield years, growers often store part of their crop in refrigerated warehouses until after the next year's harvest, hoping for higher prices then. Because of bad weather, this year's pecan crop will be very small. Nevertheless, pecan prices this year will not be significantly higher than last year, since __________.

Then, in my views, last years prices have to do pretty much with comparite price of the current year. Lets say rice normal price is a dollar/kg. but last year, due to poor harvest, the rice price touched the price of five dollar/kg. And this year too, due to poor harvest rice price has remain five dollar/kg. So this year price wont be significantly higher than last year.
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Market forecaster: The price of pecans is high when pecans are compara 07 Jul 2021, 13:42
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SALAKSHYA
Hi Andrew,
Pardon me, My only intention of writing that comment was to learn and I love to learn from experts like yourself and I always look for solutions given by you.

What I want to say that question has explicitly mentioned for reason for prices compared to last year.

Market forecaster: The price of pecans is high when pecans are comparatively scarce but drops sharply when pecans are abundant. Thus, in high-yield years, growers often store part of their crop in refrigerated warehouses until after the next year's harvest, hoping for higher prices then. Because of bad weather, this year's pecan crop will be very small. Nevertheless, pecan prices this year will not be significantly higher than last year, since __________.

Then, in my views, last years prices have to do pretty much with comparite price of the current year. Lets say rice normal price is a dollar/kg. but last year, due to poor harvest, the rice price touched the price of five dollar/kg. And this year too, due to poor harvest rice price has remain five dollar/kg. So this year price wont be significantly higher than last year.
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I appreciate the follow-up. Are you looking to get behind choice (C)? To put it simply, the passage never discusses a carryover price scenario from year to year, but a carryover crop scenario. To take it from the top, the passage outlines a relationship between the price of pecans and the annual crop yield. The penultimate line about the pecan crop yield leads us to believe that the price of pecans will be high, based on the previous two lines. To recap:

Low crop yield → high price for pecans
High crop yield → low price for pecans

Penultimate line: this year's pecan crop will be very small
Logical prediction: the price of pecans will be high
Final line: Nevertheless, pecan prices this year will not be significantly higher than last year

Presumably, and in keeping with the passage, prices will not rise this year because there must have been a recent high crop yield. Yes, the final line mentions the previous year, but prices can only increase or decrease relative to some benchmark, and that benchmark happens to be the price of pecans from the previous year. The real question is why, after a low-yield crop, the price of pecans will not be high. Answer choice (B) fits the information given in the passage, namely that in high-yield years, growers often store part of their crop in refrigerated warehouses until after the next year's harvest. If pecans are not in low supply because of a bumper crop from the previous year, then the price this year need not increase, and that is all we are going for here. Meanwhile, the relative stability of pecan prices in previous years is of no concern, since it tells us nothing about pecan yields and thus cannot explain the reason for the prediction this time around, under these new conditions.

I hope that helps clarify the matter.

- Andrew
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Market forecaster: The price of pecans is high when pecans are compara 12 Dec 2022, 07:58
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egmat, i have a doubt in the question stem ->
Thus, in high-yield years, growers often store part of their crop in refrigerated warehouses until after the next year's harvest, hoping for higher prices then

Now while reading this a natural question arises is if one is saving more crop for next year how can one hope for prices to be higher? i just don't get the logic behind the farmers "hoping for the prices to be higher next year".
Could you please help me with this ? :)
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Market forecaster: The price of pecans is high when pecans are compara 13 Dec 2022, 06:35
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Taulark1
egmat, i have a doubt in the question stem ->
Thus, in high-yield years, growers often store part of their crop in refrigerated warehouses until after the next year's harvest, hoping for higher prices then

Now while reading this a natural question arises is if one is saving more crop for next year how can one hope for prices to be higher? i just don't get the logic behind the farmers "hoping for the prices to be higher next year".
Could you please help me with this ? :)
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Hey Taulark1,

Happy to help with this one!


Let me explain the logic of the pecan growers here. Imagine that I am one of those pecan growers from the argument. Let’s visualize this.

Say, in a regular year, I am able to sell my pecans at $10 per kilogram. By regular, I mean that the supply of pecans in the market is not extreme - there is neither a scarcity of pecans, nor abundance.

Now, let’s say we see a year of high yields. So, pecan production is off the charts. This would suggest an abundance of pecans in the market.

In such a situation, as per the passage (first sentence!), the price drops sharply. So, I may only be able to get $6 per kilogram for my pecans, not $10.

Not a great situation for me!

But wait a minute – it is only this year that the price is so low. It was a high-yield year after all. What if I can store some of my pecans safely (not sell!) till I see next year’s harvest?

I might get lucky. Maybe, next year, the yields will not be as high, and as a result, we may not see an abundance of pecans in the market. Then, I may be able to sell these pecans at a higher price (say, $10 next year, or maybe a price even higher too, if I am lucky!), instead of the $6 that I can get for them this year. I may end up making more money this way!

This is the thought-process of the pecan growers who are hoarding some of their pecans in anticipation of a better price next year.

Hope this helps!
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Market forecaster: The price of pecans is high when pecans are compara 11 Feb 2025, 21:27
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