Grain prices are down because there were bumper crops and over production because when prices went so did the number of acres planted leading to more overproduction. Couple of places near me were swamped are corn with guys selling 1-2 year old crops out of their bins. They are piling it outside already and the only corn harvested here so far is high moisture stuff for feed.
Beef prices kinda surprise me. I figured that they would stay up for at lease another year. But we do import beef. That will affect prices too. Did they allow more in? Or is demand down because of prices in the store?
As far as workers and pay? If company A produces an item and the cost of production is 1 dollar and company B can import that item for 50 cents company A has to either move offshore or cut production cost. It's the cost of a global economy and the growing pains that goes with it.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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