You are right on this. Part of the problem is that as soon as a price goes up a bit. Every one jumps on board and increas production. Thus over producing and lowering the price.
If there were a system run by farmers that would monitor needed crop acerage aganst planted acrerage. If say 50% of acrerage needed to be corn to support the price. 20% wheat, 20% Soybeans then the remainder hay,ect. Obviously drought and high yealds would effect this some what but major over production would not happen.
Price would be more stable. The system now is set up to keep farmers competing with each other. Plus how many farmers you know would only plant certain amount of acres if the price was high?
Could you just see ADM"S face if farmers all cooped thier acrerage?
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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