SEGMENT: COMMODITY PRICES, FARM-RELATED WORK, & FAMILY FARM

Jay Johnson>LPL Interviews A-M>LPL Interviews A-J, Segment 12

SEGMENT: COMMODITY PRICES, FARM-RELATED WORK, & FAMILY FARM,

duration 07:15
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COMMODITY PRICES
The biggest factor behind rising grain prices is ethanol, Jay thinks. The margins for ethanol got so large because the price of corn was low. As the dollar weekend, the speculators came in and ran the market up. They don't know where the balance is now. The US is increasing in exports, mainly to Asia.
FARM-RELATED WORK
FAMILY FARM
The family farm needs to either grow, or the farmer needs to get out.