Futures for corn, the most valuable U.S. crop sold on the Chicago Board of Trade, slumped 40 percent last year. It was the steepest price tumble since the 1960s. “We’re looking at an era of about three, four, five years of reduced profitability in agriculture,” said an Ohio State University economist after reviewing the USDA’s 2014 agriculture forecasts. The situation could be especially tough for investors and farmers who expanded operations during the recent market upswing.
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