The impact of higher oil prices is being felt on the farm in a number of ways.
Question:
The impact of higher oil prices is being felt on the farm in a number of ways.
Feed grain prices and wheat prices have moved up significantly from a year ago.
And at these higher prices land rents have gone up.
1. Explain how the growing demand for grain affects the market for farmland.
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Step by Step Answer:
1 As the demand for grain grows with no change in grain output the price of grai...View the full answer
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