4 ms·
At face value, I believe this means that many farmers are getting no money, because they weren't able to grow their crop. Other farmers may get a bit of a windf
by reaperman 3y ago
At face value, I believe this means that many farmers are getting no money, because they weren't able to grow their crop. Other farmers may get a bit of a windfall if they're in a market with a competitive supply chain. Other farmers may see no difference if there are just one or few buyers who can get their product to the global market (if no one else is offering the farmer more money, they might have to take what they can get).
Usually reports on "prices paid to farmers" take longer to put together and publish. This was a recent spike in futures market prices, so it will be awhile before you can find reports on the effects on how much farmers are paid.
But how much farmers are paid can still be a very regional thing, depending on logistics options available for getting the crop to market.