The Challenge of Low Commodity Prices Lower commodity prices mean that farmers are put in a position to make tough decisions when it comes to figuring out how to make ends meet. That is not an easy task when our goal is to make sure overall yields do not suffer due to these decisions. Balancing [...]
Over the past few years, we have gotten accustomed to selling corn in the $5.00 to $7.00 range. These higher prices allowed us to take a little higher risk approach to push yields goals higher than what we normally might. Through this process, we learn quicker whether there is an adequate return on investment for [...]
Rich Pottorff is the Chief Economist for Doane Advisory Services, a leader in Ag Analysis. He has a Master’s Degree in Agricultural Economics and 35 years of experience in economic analysis and forecasting business. He was also our guest writer for the Commodity Price Outlook 2014 article. Rich not only covers commodity prices, but has [...]
