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South Central Iowa | There would definitely be ripples in the grain market from such a move. They still would consume quite a bit of corn and soymeal though. I also wonder what effect a price rise would have on demand. I mention below in my rudimentary estimation that we could see price rise by 40%, but this might actually only translate into $50 per person. Would a family of four making $80-$150K notice $200 or would it make a major difference in their consumption patterns? I made an assumption that a 40% rise would cause an 8% drop in demand, in the long-term, but I definitely could see an argument that price would rise more and/or demand would drop more. Just kind of a free-ranging topic. | |
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Abstract: What if there were no Hog Confinements?
