FARM LIFE NEWS
Ag's Great Affluenza - 1
Marcia Zarley Taylor DTN Executive Editor
Mon May 5, 2014 11:30 AM CDT

Editor's Note: "Ag's Great Affluenza" series analyzes how record U.S. incomes this past decade buoyed grain agriculture's long-term financial strength and global competitiveness.


HADDONFIELD, N.J. (DTN) -- After a Brazilian frontier tour at the turn of the millennium, Minnesota farmer Pat Duncanson was so convinced South Americans would flood the world with $4 soybeans and eventually inexpensive corn, he and his family partners tightened their grain belts, expanded into livestock feeding and braced for a global price collapse. Some of his travel companions even invested a little cash in a Brazilian land venture, just to get some skin in the ...

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