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South central Minnesota | Nice work. Another chart should be a correlation between other crops profitability and corn acres.
2007-2008 was interesting in that even though we were seeing a price rise in corn, acres declined because of better return with wheat and soybeans. Input costs rose considerably, we still like to make a profit.
http://moneymorning.com/2008/04/07/food-prices-soar-as-farmers-bail... | |
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2014 corn acres vs 2013 price
