Madison Co. Virginia | jd8850 - 8/1/2024 11:22
You go first. Which farmer is going to grow LESS when his income is down?
I can see it happening, but not in the simple scenario you describe.
If corn and bean prices are low, and projected to stay low, the row-crop farmer cancels the rent of that overpriced underperforming farm down the road. Another farmer picks it up for cheaper, plants it to orchardgrass, and runs his beef herd across the acreage.
Or, with very low profitability, that 70 year old farmer decides that this is the last straw, sells the farm for development, and in so doing, takes it out of row crops forever.
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Kinze layoffs
