As a farmer myself, I read these articles with a different perspective. The farm support prices are so far below todays cost of production that they are meaningless. Try getting a loan from a bank based on these supports. Planting decisions next spring will be on cost of production then and market prices. The ethanol industry is the poster child for not a clue about risk management. Proper hedging of their input cost and hedging the ethanol price should guarantee a profit. Obviously they didn't know how to do this.
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Latest | Highest ratedIs Corn Headed for Zero? [View article]
The ethanol industry is the poster child for not a clue about risk management. Proper hedging of their input cost and hedging the ethanol price should guarantee a profit. Obviously they didn't know how to do this.