Monday, November 02, 2009

The Ups and Downs of Farming

Farm Policy summarizes the dangers to farmers of the recent wet weather.  City folk, as mom would say, don't have a conception of how variable things can be.  An excerpt: " “Over the past two months, futures markets have added about 36% to the price of corn and 17% to the price of soybeans, in part due to the difficult harvest, said Joe Victor, vice president of marketing with Allendale Inc., a commodity-research advisory firm. Corn futures for December delivery closed Friday at $3.66 a bushel.”"

(In fairness to city folk, I'm sure there are economic niches other than farming subject to ups and downs. Which would you rather be, a corn farmer or a middle-aged newspaper person?)

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