Farm Journal Economist Bob Utterback says the current unusual time period should create a positive upside in the market.
Uncertainty is the major force in the global economy, says Farm Journal Economist Bob Utterback.
"We lived too high on the hog for several years, and now the bills are coming due."
He believes the U.S. won’t be able to grow out of its current deep deficit, that inflation will be required.
"For agriculture, that could be a very powerful financial incentive tool."
Utterback believes that sometime in the next few years, inflation will dovetail with increased demand to create a positive market force to the upside.
His advice: Think seriously about implementing a scaled-down, long-term buying campaign. "If I can buy corn at or below the costs of production, I can use that as a hedge to offset future rallies in cash rents or other input costs."
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