Posted 3/4/2016 09:01 (#5154470 - in reply to #5154170) Subject: RE: Good point Don, but put in perspective
NW Montana
In a free market commodities will be priced to the low cost producer's margin. It's a world market so it adjusts accordingly. The market will adjust to tech, genetics, weather etc but will average to the low cost producer's margin. Any advantage through a gain in efficiency is temporary.
US corn average gross sales per acre (chart)
