[gumballhead]

Commoditization and industrialization is also just not good for farmers. Why are we growing all this corn? No one seems to want it.

Farmers can't make money when corn is down at $3.50 a bushel (futures). And local prices are much, much lower because the elevators are full from back to back record crops. We have a $.60 basis in my area, which is historically very high.

What's good for farming is no longer good for farmers. Their best recent year was 2012, a 100 year drought when corn prices went north of $8. We had 120bu corn in 2012, which is $960/ac revenue. This year even at 200bu corn we'd be looking at about $600/ac revenue. Good luck with that. You're just farming for insurance payments at that point.

And I forgot to mention that about 40% of all corn use goes to gas tanks as ethanol (the rest is about 40% livestock feed and 15% exports). So even with that demand source, which is itself a dumb idea, we can't clear the market at a price farmers can live on.