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Farmer expects wheat prices to increase

Rich Olson, from Olson Family Farms, expects there to be repercussions from the historically low winter wheat planting season last fall. Bloomberg News notes that acreage for winter wheat fell to its lowest level since 1908, kept in check by wet conditions, and what many thought was going to be an early onset of winter. Olson says that he doesn’t expect supplies to run out, but it could go for a steep price.

 


Olson says silage quality from last fall’s harvest is generally poor, which is affecting the milk production of local herds.

 

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