Wheat, the world-feeding crop whose shortage was Pharaoh’s nightmare, is now at such a global surplus that last month its price was less than two-thirds its level in 2008. Having rebounded in recent days to $4.05 per bushel from $3.62 last month, one might think that the commodity, which last June cost $5.07 per bushel and in February 2008 peaked at $11.94 …
More farmers looking at organic crop production
The Organic Trade Association reports that the most recent available numbers on retail sales of organic food totaled $32.3 billion in 2013. And a colleague that I worked with in the past noted that this is more than the farm gate sales of all the corn and soybeans produced in Iowa in 2014. Even if we use high-water mark prices …