We are now starting to see the headlines in the more traditional news arenas reflect concerns about the crash in profits across the agricultural spectrum.The substantial impact that the low-price environment is going to have on all levels of the agricultural supply chain has been covered a number of times. This chain includes every tier from farmers through crop input companies (seed, fertilizer, chemicals, machinery, etc.), grain handlers and the transportation system. The key is that when prices and farm profits are high, so too are operating margins throughout the entire system. That has been the case during this longest bull market in history. When prices and operating margins collapse at the farm level, the same must occur at every oth...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Farm Inputs, North America