South central kansas | Your chart mirrors what I looked at the other day at the USDA.
Increased productivity in crop production underlies a general decrease in inflation-adjusted prices for corn, wheat, and soybeans over the past century. This downward price trend was reversed during the past decade by global growth in population and income, increasing biofuel production, and a depreciation of the U.S. dollar, but is likely to resume from these recent higher levels. Embed this chart Download higher resolution chart (4267 pixels by 3417 pixels, 299 dpi) |
More '80's talk (cont.)
