Low Ag Commodity Prices Isn't Just a Problem In The U.S.
Low crop, dairy and livestock prices are plaguing farmers around the globe. U. S. farmers are now facing competition from some of the same countries that once shopped for food in this country.
For example, Brazil is the number one soybean producer in the world. India exports wheat and is contributing to the world wide wheat glut that is depressing prices. China is the second largest corn producer in the world, but uses most of what they produce at home. European farmers export about 60% of the worlds dairy products.
So the bottom line is that U. S. farmers must contend with a much larger playing field than they had, even two or three decades ago when they market what they produce.