Thats part of it. The other part is supply and demand. A lot of farmers, when
they wanted more money, just planted more acres.
The price kept going down because increases in technology made each acre more
productive...
-Curt
Date: Tue, 15 Apr 2008 22:00:46 -0400
From: Allan Streib <[EMAIL PROTECTED]>
Subject: Re: [MBZ] Soy oil price!
To: Mercedes Discussion List <mercedes@okiebenz.com>
Message-ID: <[EMAIL PROTECTED]>
Content-Type: text/plain; charset=us-ascii
Curt Raymond <[EMAIL PROTECTED]> writes:
> Soybeans had been at $4.50 a bushel for decades. It NEEDED to go up,
> loads of farmers were growing below the cost of production.
How's that, has it been subsidized?
Allan
--
1983 300D
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