The State of the U.S. Farm Economy

The video discusses the fluctuation of profits in the agricultural sector, highlighting record profits in 2012 and 2013 followed by a steep decline. This decline is attributed to a supply reaction and record harvests, which have driven down prices. The video also explores the rising input costs due to technological advancements in seeds and the consolidation of major agricultural companies. Ethanol legislation, which previously boosted prices, is now contributing to a market bust. The future of ethanol and farm policy is debated, with emphasis on the political and economic implications.

What are the potential challenges farmers face regarding input costs and market prices?

Discuss the impact of genetically modified seeds on farm revenue and costs.