You hedge in commodities or something? What's your interest in having these high prices anyway?
These moutains of surplus have existed since at least the 1950s. Back then they existed on the streets of smalltown rural America, piles and piles of grain ‘built’ on back streets closed for just that purpose.
As the surplus became even greater, grain elevators began construcing ‘temporary’ surplus storage, ‘building’ even larger piles. Over time these temporary facilities are being replaced with permanant structures, each holding upwards of a million bushels each. Countless such structures are being built all across America.
The bottom line is that the American Farmer produces way more than the American consumer uses.
By way of example, are you aware the entire pork industry nearly collapsed into bankruptcy the spring of 2010? The financial experts estimated that the industry was only 60 days from total financial collapse.
The reason? Overproduction, too much pork. The reason for too much pork? Corn overproduction in 2009.
My interest, as a former farmer, is getting the truth out about our food supply. Answering emotional based arguments with facts is also satisfying.