Death comes to us all. Life's but a walking shadow | Can you just as easily say that the cost of production drifts to the price of corn (or whatever) as the other way around? When the product is in short supply, demand sets the price and the cost of production shifts toward that higher price. When the supply is abundant and the price is low then the COP reverts to some lower level. It all gets back to the marginal rate of return for each input.
|
Stop using nitrogen. What would corn price be?
