Eventually farmers would grow less corn AFTER they suffered several years of crushing loss'. It's just not in our nature to scale back in preparation for a bad price on our crops that may OR MAY NOT happen. The nature of farming economics in this country doesn't play well with lowering our production in large increments.
And in spite of what the anti-ethanol zealots profess, ethanol production only plays a very small part in driving corn prices. What most fail to understand is, or as the case may be, IGNORE, is dramatically increased exports to a number of Asian countries over recent years has done the majority of "driving".
I also find it ridiculous how so many think farmers still need to sell our crop at 1960's price levels. (A) How many of YOU work for the same income you did 50 years ago? Our cost of production has increased along with every other business in the world, yet non farmers expect us to survive as if we were paying the same price for inputs and equipment that we were decades ago.
It's really a joke how many self proclaimed economic experts we have here who express the opinion that farmers shouldn't adjust income in parallel with the rest of the worlds economy. It's simple....A business that represents hundreds of thousands, if not millions of dollars of yearly RISK has a right to make a significant REWARD. If you feel different, I hope you can find a way to survive on a diet of anger and hostility. Because, at that point, you have no right to the food we produce since you find it so morally reprehensible when we price it according to a fair market value.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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