Like Paul Simon’s song, “One man’s ceiling is another man’s floor,” food processors are feeling the brunt of higher commodity prices, but farmers are seeing an opportunity with the higher prices. In addition, new technologies are making it possible to consider new land for farming that wasn’t worth planting a few years ago, potentially increasing yields and possibly lowering prices.
If you ask someone who supplies equipment to farmers and is close to what’s going on with agriculture, the story goes beyond just supply chain issues and fuel/fertilizer cost issues.