Rescue Falling US Farm Commodity Prices with CCC?
Evidently, there is serious consideration underway to bring the Commodity Credit Corporation to the rescue of falling US farm commodity prices, especially soybeans. The remedy is designed to be a buffer when there is a slack in demand. But there is no slack due to lower disposable income; there’s just an emerging trade war. So why not rob Peter to pay Paul? Food for thought from Rick Gilmore, President/CEO of GIC Group.