I think Jim is on the right track, farming is in big trouble here. If interest rates keep climbing, which they are expected to do according to the Fed, land and other asset prices are going to be under incredible pressure and will continue to fall. What can we do? One idea that I've been thinking about is having a flexible ethanol (RFS) policy. Set a reasonable ending stock for corn, say 2.0 Bln bushels, then vary the ethanol from say 10% up to 30%. When the crop yield is high, we up the ethanol blend to 30%, when the crop is average, it's set to 20%, poor, 10%. By varying the demand for corn, we could get a reasonable and consistent price, say $4.50/bu. Of course, we could go back to the 1980's and implement a supply-side policy like set-aside, but that comes across to the public like welfare.