Nothing is forever: Boom and bust in Midwest farming
Economic Development, Innovation, Technological Change, and Growth
Urban, Rural, Regional, Real Estate, and Transportation Economics
Agricultural production in the Seventh
Federal Reserve District is overwhelmingly
concentrated on the production of feed and
livestock products. Five commodities—corn,
soybeans, hogs, cattle and milk—account for
almost 90 percent of the marketing receipts of
District farmers. Thus, the forces that have
influenced supply and demand for these commodities
since the 1970s have controlled the
fortunes of the District's agricultural sector.