FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Mon May 19, 2014 04:03 PM CDT


If you've read 10-year commodity price outlooks from either USDA or the highly regarded Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri, you're likely nervous about Doomsday scenarios in agriculture. Under average market conditions, FAPRI forecasts commodity prices over the next 10 years will run $4 for corn, $5.27 for wheat and soybeans about $10/bu. In contrast, season-average cash corn prices spiked to $$6.89 for the 2012 crop. By their account, net farm incomes will average $91.3 billion annually over the next decade, or about 30% less than 2013's level.

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