Wheats been a killer for a decade and a half.
Farm program keeps people growing it.
They need it but wouldn't want you getting out of debt growing it.
ARC and PLC are basically a insurance or hedge for crop prices that guarantee a minimum price. To a degree they influence over production of the insured crops.
I think the other big hitter is China modernizing and increasing crop yields. I China is the number one wheat producer now.
We have lost a lot of fruit and vegetable production in my lifetime because of imports. I hope that trend doesn’t continue. One thing is for sure, it’s not going to get better anytime soon.
