Prices are high in this current grain market. Do these high prices directly benefit farmers?
Most often when food prices are high, the grain market may be high as well, but this is most often due to a shortage, which means farmers and ranchers are having a tough production year. Many farmers struggled in 2012 because of the drought and failing crops. In addition, the drought came at a time when the costs of raising food – whether it’s the land, fuel or complying with strict regulations – went up.