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Oklahoma | You're not wrong. It is undoubtedly not used for the benefit of the producer. What you describe is called a free market and we haven't had that in ag for a very long period of time. If ag commodities had a true free market then our prices would have inflated with everything else rather than be suppressed to keep food cheap.
The only point of contention I can see is that we aren't really giving the info for "free". All those insurance subsidies and disaster payments are the conciliation prize to keep us producing cheap food. I'd honestly rather have ag be treated like any other business so the prices could inflate to 2016 dollars and subsidies of any kind wouldn't be necessary. | |
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Usda survey
