2 ms·
Farmers are almost all international businesses, and that's 2% of the population right there.
by bryanlarsen 2y ago
Farmers are almost all international businesses, and that's 2% of the population right there.
- dgfitz 2y agoI believe US farmers export 20% internationally. And most of the farmers I know have told me only a small handful of farmers are in that group of exporters, the biggest players. The "little guy" will be fine.
- bryanlarsen 2y ago20% of farmers are big enough to skip the wholesalers and sell internationally. The other 80% sell to local wholesalers to sell internationally. And even though most wheat et al is consumed in the US, a significant amount is exported. A small drop in demand can have a massive impact on price. "100 supply, 101 demand: price goes up. 100 supply, 99 demand: price goes down."