Strategies For Dealing With Falling Prices, Income Potential
Tom J Bechman
Indiana Prairie Farmer
You don’t have to be a rocket scientist, and frankly, not even an ag economist, to know that with the COVID-19 crisis, evaporating demand for ethanol, falling exports and higher-than-expected projections for planted corn acres in 2020, the short-term economic picture for agriculture is rather bleak — especially for corn farmers. Despite several negative factors pressuring crop prices, particularly corn, buffeted only by somewhat higher demand for livestock feed, ag economists still say there may be ways to make the most of an extremely challenging situation.