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| Long term prosperity can only be achieved by actively increasing demand. Cutting supply (like a drought or land idling) creates the prices that you may wish for, but it rearranges every endusers strategy on how to add value to the raw product. The price cannot maintain that level-- the enduser will pay it just to get to the next crop year, but cannot pay it long-term and the oversupply cycle begins again. I have stated a few times here that we need 500-750 million bu of new demand every few years, but grain farmers in general don't want to help facilitate that process. | |
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Market gutting?
