No one is gouging. Crop prices respond quickly to the laws of supply and demand. Witness the plummet in corn futures back in march/April of this year when the anticipated plantings report came out.
Farmers indicated that they were going to plant for the largest corn crop in the entire history of the earth. Futures plunged on the report 25 -30% as I recall (someone please correct me if I'm wrong). The farmers came through with their plans. they harvested the largest corn crop ever, about 13 billion bushels.
What this year is bringing is a situation where the old "Farm Programs", more properly should be named "Cheap Food for Consumers Programs", are no longer a restraint on farmers.
This year, it looks like farmers will plant in response to a free market instead of a government calculated plan.
They are understandably very nervous, no one has done that for over 50 years. Imagine that, 50 years! Is it going to result in financial ruin, financial success, or what? It will be exceiting either way. I wish them well.
In any event, for the next few years at minimum, the USDA's Cheap Food for Consumers program is not working.
We are going to be forced to buy food at unsubsidized market prices.
Rush has said that the most expensive commodity traded in the United States is ignorance. It's certainly true of the farm programs. Everyone thought food would get cheaper without those programs, and wanted them gone. They now have their wish, they're gone, and understandably the same folks aren't happy.
>>No one is gouging. Crop prices respond
>>quickly to the laws of supply and demand.
Gubmint mandated ethanol requirements have manipulated demand.
Get rid of ethanol mandates and let the market work.
>>Rush has said that the most expensive commodity
>>traded in the United States is ignorance.
Lush Rimbaugh is nothing but a shill for the manufactured dialectic right. How’s he doing with his substance abuse problem?
>>They now have their wish, they’re gone,
Replaced by mandated Ethanol consumption.
The people who understand economics and government programs didn't think food would get cheaper. Did you?