Search results
Results From The WOW.Com Content Network
May 9—For grain farmers, it's been nearly a decade since they've seen corn and soybean prices that are making them see dollar signs. As of Thursday, corn was selling for $7 per bushel and ...
In reaction to falling grain prices and the widespread economic turmoil of the Dust Bowl (1931–39) and Great Depression (October 1929–33), three bills led the United States into permanent price subsidies for farmers: the 1922 Grain Futures Act, the June 1929 Agricultural Marketing Act, and finally the 1933 Agricultural Adjustment Act ...
An early agricultural recession was the Post-Napoleonic Depression where British agriculture was faced with cheap grain from Europe as Continental producers could freely export grain after two decades. [2] This led to the introduction of the Corn Laws to protect farmers.
In July 1973, the Soviet Union purchased 10 million short tons (9.1 × 10 ^ 6 t) of grain (mainly wheat and corn) from the United States at subsidized prices, which caused global grain prices to soar. Crop shortfalls in 1971 and 1972 forced the Soviet Union to look abroad for grain.
Under the Wilson administration during World War I, the U.S. Food Administration, under the direction of Herbert Hoover, set a basic price of $2.20 per bushel. The end of the war led to "the closing of the bonanza export markets and the fall of sky-high farm prices", and wheat prices fell from more than $2.20 per bushel in 1919 to $1.01 in 1921 ...
For premium support please call: 800-290-4726 more ways to reach us
Two major price volatility crises in the early 21st century, during the 2007–2008 world food price crisis and 2022 food crises, have had major negative effects on grain prices globally. Climate change is expected to create major agricultural failures , that will continue to create volatile food price markets especially for bulk goods like grains.
The grain required to fill a 25 US gallons (95 L) fuel tank with ethanol will feed one person for a year. [113] Several factors combine to make recent grain and oilseed price increases impact poor countries more: Poor people buy more grains (e.g. wheat), and are more exposed to grain price changes. [114] [115]