Saturday, September 30, 2017

Grain Surpluses

Illinois farm Policy News reports that 2017 is going to be another year of more grain produced than consumed, the fourth year in a row.
And when focusing on U.S. farmers, the Reuters article explained that, “Even as farmers reap bountiful harvests, U.S. net farm incomes this year will total $63.4 billion – about half of their earnings in 2013, according to a U.S. Department of Agriculture forecast.
20 years ago I predicted grain surpluses once the Russians and Ukrainians got going.  So I was right, right, right!  Just didn't realize they'd be so slow about it.

No comments: