Quote:
Originally Posted by ADL Colin
Net cash income is up about 10%
Just like the oil companies. Even though they have higher expenses many agricultural products are selling at 3 to 4 times what they were just a few years ago. An increase that has way more than overcompensated for the higher cost of doing business.
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And farmers aren't selling 3 to 4 times what they were selling before, that's part of the problem. The food volumes on the world market haven't increased that much, but as countries like India and China become wealthier they are buying more food, so there's less to go around.
But an acre of land can still only produce the same amount of crops that it produced 10 years ago.