[digger48]

corn is presently around $7.00 and beans around $14.00.

expected to go to $9 and $19 later this year.

Farm ground just sold near here for over $8000/acre.

We’ve had several bumper crops in the past few years. I reckon all that global warming CO2 could be good for crop production.

And the farmers are spending money like crazy! New buildings, semis, equipment, pick-ups. You couldn’t even find any drain tile for sale a couple months ago, cause the producers couldn’t keep up with demand.

Point is...mosts farms would do just fine without that extra help from Uncle Sugar.

[jazusamo]

Thanks for your interesting post.

Vilsack just blows me away standing up there saying our study indicates no cause for worry, we'll only have a moderate (2-3%) increase in food prices. I don't believe that for a second.