If any title needs a "[year]" indicator then this one does. Still, weather that is too wet is almost as hard to farm with as weather that is too dry. Except, t

If any title needs a "[year]" indicator then this one does. Still, weather that is too wet is almost as hard to farm with as weather that is too dry. Except, there is a second-order effect that nearly swamps this first-order weather effect, with respect to farmers' profits. It isn't enough to judge the weather correctly and produce a bumper crop. One also needs other farmers to fail. It is impossible for all farmers in a given commodity to succeed. If they all have good production, the price will crater so much that most will struggle to pay the interest their loans. Just look at the markets for corn and soybeans. They've been too low for profits for years. That's why so much is in long-term storage, on the forlorn hope that prices will rise. This year all of the Missouri River flooding inspired unaffected farmers to plant more in order to take advantage of expected lower numbers. Only, they bulked up so much that production actually increased! Elevators are still full, outdoor storage is still slowly decomposing, and sensible politicians still threaten to shut off the ethanol tap. It has been this way in North America for a long time; rural population has been dropping since 1890. Ag tech has continued to improve, and so capital has continued to eat farmers. This process may only be reversed by de-commodifying, which only works in limited numbers in particular markets. Some consumers will spend more for organic or higher quality or better-marketed ("genuine Angus", etc.). Most will not.