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.
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.
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