Of course, the article never mentions the fact that since 2001, off-road diesel fuel has gone from about $.70/gal to over $2.50/gal.
The authors, both clearly not farmers and not possessing a clue about the historical price of corn, probably expect us farmers to simply absorb that tripling in the price of fuel.
Idiots.
BTW — one more time, as I keep pointing out on these threads: if you kept the price of corn in 1973 constantly updated with inflation, what was $2.73/bushel in 1973 would be just under $14.00/bushel today. These two academic twinks are having an attack of mental flatulence because corn is at $4/bu today.
Salaries have gone up with inflation. Prices of real estate have gone up with inflation. Prices of tractors and ag equipment have gone up with inflation.
But these idiot intellectuals think that the price of farm commodities should NOT go up with inflation. In their minds, farmers are the serfs of the new age.
People who think that farmers should not be allowed to pursue a profit (and anyone who is complaining about corn at $4/bu is in this camp) can vigorously osculate my posterior.
And I don’t even grow corn.