The Kansas City Federal Reserve just issued a
paper on the Nebraska economy and I thought that you would be
interested the farm numbers especially how it compared the current situation
with the problems agriculture had back in the 1980’s. To equal a 1980s
farm income demise, current farm revenue would need to drop by 21.4% and
the value of total farm production would need to decrease by 15.7%.
The paper also estimated that crop
prices would need to drop to the following prices:
§ Corn – $3.49 per bushel
§ Wheat – $3.96 per bushel
§ Soybeans – $9.00 per bushel
This is not a technical paper but more graphs and pictures.
I think this is worth spending a few minutes looking at.
To read the paper: CLICK HERE
