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Published: March 15, 2008
Farmers in fear
Risk of higher wheat prices has many in the industry ‘scared to death'
Risk of higher wheat prices has many in the industry ‘scared to death'
Prices paid to Oklahoma wheat farmers for their grain have surged to historic highs, but the prospect of $12-a-bushel wheat at harvest has yielded a surprising side effect, said farm economist Kim Anderson : Fear.
The July wheat contract on the Kansas City Board of Trade closed at $12.21 Friday, down 44 cents from the previous day, but still hovering near historic levels.
So, what is to fear from wheat priced...
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