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Here’s why U.S. farmers are producing too much food

Posted by   /  February 6, 2018  /  No Comments

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Corn is loaded at the West Central Co-op in Boone, Iowa. Prices for the crop have slipped as supplies rise. /PHOTO: BRENDAN HOFFMAN/GETTY IMAGES

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.

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  • Published: 2 weeks ago on February 6, 2018
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  • Last Modified: February 6, 2018 @ 2:15 pm
  • Filed Under: Energy and Environment

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