The federal government doesn’t force anyone to buy wheat or soybeans or other agricultural products.
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Hard work and determination may be traditional ingredients for success, but they’re no match for having the federal government force customers to buy your product.
Consider these economic numbers.
Last week, the U.S. Department of Agriculture predicted farm income will decline by 27 percent in 2014.
This follows an 18.5 percent drop in farm income last year.
Major ethanol producers, on the other hand, released numbers this month showing the industry made record profits in the last quarter of 2013.
Industry analysts expect the first quarter of this year to be just as good, if not better.