FARM LIFE NEWS
Ag's Great Affluenza - 8
Marcia Zarley Taylor DTN Executive Editor
Mon May 19, 2014 11:31 AM CDT

Editor's Note: "Ag's Great Affluenza" series analyzes how record U.S. farm incomes this past decade buoyed agriculture's long-term financial strength and global competitiveness. This installment examines the aftershocks for the livestock industry and its current recovery. Find other pieces in this series at http://www.dtn.com/….


AUSTIN, Texas (DTN) -- Steve Moest says his gambling days are over.

The independent Illinois pork producer farrows 100,000 head of hogs annually, farming out finishing to contract farmers in Illinois and Iowa. That meant he shouldered all of the financial risk of corn's meteoric rise in 2008 -- and the pork industry's subsequent collapse ...

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