Kooiker - 10/23/2017 08:12
DaveMk - 10/23/2017 07:04 Not going to happen (demand), supply will come down when prices get low enough. History is telling you that there will be ground that is not planted when prices are low enough. Right now prices are not low enough to drive producers out of the market.
It takes prices below the variable costs of production to idle many acres.
Land is a fixed cost.
Its gonna take prices that are a whole lot lower than what they are now to idle significant acres.
Newsom
