Mexican officials are starting to better gauge the possibility of buying more agricultural products from South America. Argentinian officials are encouraging those conversations. Yet a top executive at Bunge Limited told analysts that the U.S. pricing for corn still makes it more attractive to Mexican buyers than corn from Argentina or Brazil.
While it isn't quite like 1983, the level of stress and worry is growing out in the countryside. People who deal with some of the few rural hotlines out there are seeing the level of calls and emails picking up as well.
Economists told lawmakers in a hearing on the rural economy that farm finances look to dip in 2017 for the fourth consecutive year. Farmers are struggling, but not as bad as the 1980s yet and low prices are buoyed by higher yields.
The philosophy of precision ag, or calculating inputs by the most granular units possible, can also guide farmers to treat their marketing decisions as seriously as they treat their production decisions.