Wheat is an iconic crop, probably the one that spawned civilization, and certainly the subject of phrases like "America's breadbasket" and "amber waves of grain." But even though prices for it have risen to record levels, it is in decline in America, as "Many farmers are cutting back on growing wheat in favor of more profitable, less disease-prone corn and soybeans for ethanol refineries and Asian consumers," even in the historic wheat state of North Dakota, Morgan reports. Here's a state-by-state look, via a Post map:

Here's the bottom line from Morgan: "At current prices, farmers . . . can make more money from an acre of corn than from an acre of wheat, according to North Dakota State University economist Dwight Aakre. But wheat's biggest problem is susceptibility to disease, which has turned many farmers against it." (Read more)
No comments:
Post a Comment