Posted 11/24/2015 11:06 (#4916789 - in reply to #4916428) Subject: RE: Crop Acres: Slow to adjust
Ben, you're smart enough to know that production will continue as long as revenue exceeds variable costs. Land is a fixed cost. It costs the same no matter what crop is planted or if it is idle. Take land cost out and there's still quite a bit of room to cover variable costs.
Crop Acres: Slow to adjust
