“Corn is already selling at or below the cost of production. How will that work out long term?”
Huge amounts of land have been converted to corn production from other grains in order to take advantage of an artificial market caused by ethanol subsidies,
no subsidies = back to marketplace and other grains are grown and everything goes down in price.
I raise cattle and feed is at an alltime high, so beef prices are in the stratosphere
Hmm...
It’ll take an economist to figure out that scenario.
The marketplace would be good for livestock producers. US government interference leads to LOWER prices and LOWER margins. Government spending covers up the real costs.