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Diversification can be a sign of down ag economy
Some farmers are looking to diversify their operation because of low commodity prices.
Randy Duckworth with the Specialty Soya and Grains Alliance says interest in growing specialty crops has grown as conventional corn and soybean prices sink.
“You have a lot more producers who are interested in diversifying and trying to reduce their risk.”
He tells Brownfield it can be reactionary, like when soybean prices fell the first week of March.
“When we have commodity prices like soy dropping it like it did, you have more interest in people looking at food-grade non-GMO soybeans and other specialty grains.”
Duckworth says farmers are attracted to the premium from processors and exporters.
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