The first ‘golden age of agriculture’ was in the early 1900s when farm income doubled and land values tripled. University of Minnesota Grain Marketing Economist Edward Usset says American agriculture enjoyed similar success from 2007-to-2014. “It’s the second Golden Age” due the rapid growth in the ethanol market. Usset believes the increase in soybean crushing capacity, biodiesel demand and war in Ukraine could deliver a similar scenario. “Strap in. It could be an interesting few years ahead.” Usset spoke at the Best of the Best in Wheat and Soybean Research meeting.
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