May 23rd, 2014
Grain Reserves: Common-Sense Farm Policy
Farming is a tough job. Farmers deal with unstable weather patterns and have just a few buyers for most crops. This leads to boom-and-bust swings between bumper crops and dire shortages. Income isn’t guaranteed, and farmers are required to put a lot on the line to get their crop into the ground.
The uncertainty of weather and price volatility affects all farmers, but farmers who grow storable staple crops like wheat, corn, soybeans, oats and sorghum are all especially vulnerable to wild price swings.