We still have to plant those acres,’ says one farmer. ‘We have to eat.’
By Sharon Nunn | The Wall Street Journal
Farmers are producing too much wheat and corn, dragging down economic growth and pushing some farmers out of business.
Farming has unique challenges. Start-up and expansion costs are large, investments take years to mature and the nation’s vast network of farmers is too disjointed to cooperate on production cuts. This can result in an economic enigma: rising output amid falling prices.