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S Illinois | You bring up an interesting thought exercise. What would have happened if those 30 million acres would have stayed in production when CRP was introduced in the 1985 Farm Bill and rolled out over the following 5 years? 86-87 was the absolute low in 1980's prices for at least corn and beans.
Save for 72-79 and then peak ethanol expansion 07-12, grain production post WW I has been more throttling by the government and corresponding export increases/demand increase to prevent oversupply and rural economic weakness.
Edit: Iowa cash grain prices received. https://www.extension.iastate.edu/agdm/crops/pdf/a2-11.pdf
Edited by w1891 6/1/2026 08:40
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300 bushel corn
