Are farmers planting more corn than wheat and other crops because of higher price and demand?
In my area no. Wheat is a dry crop and corn utilizes greater precipitation. My part of the world lends itself much better to corn production, just as North Dakota does to small grains. Those areas on the fringe could do some acres switches, but for the heart of the corn belt to switch we would require extreme price differences between commodities. I am all for farmers finally making more money. 5: With corn and wheat doubling in the last year, do you believe agriculture commodities will continue with higher prices over the next year? I do believe the downside risk is small. Are we approaching the top? If we raise a good crop I do believe these prices will stall. 6: Jim Rogers, billionaire and author of Hot Commodities believes we will be in this commodity super cycle of higher and higher prices till 2015. What do you think? Major keys in my eyes to keep this going. China, India, oil prices, government policy, recession. I think I have them pretty close to order of importance as well. 7
