"Glutted grain markets have sparked a years-long price slump"
Supply and demand at work. As a former farmer myself, what I've never figured out is--when corn prices are low from a glut on the market, why do farmers go all out to plant even more acres of corn, adding to the glut and further lowering prices?
I understand that more acres are planted in hopes of more income, but under those circumstances why not say "Corn is a bummer" and try another crop that might be profitable? That would also reduce the glut of corn.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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