date:Feb 14, 2014
toming out in 2015-16 at $8.85 a bushel, they rise to $9.25 in 2018-19.
Of course, the economists and others who put together such long-term projections take great pains to explain that they're not a forecast. No one knows what prices will be ten years out, or even at the end of the five-year farm bill.
The projections extend what economists think could happen, given what they know today. They're based on many assumptions. For example, they project steadily increasing trendline yields, with co