"It's kind of glum," said Dave's wife Linda Burrier, a soybean farmer who serves on the United Soybean Board, the crop's governing body in the US."Farmers are one of the most faithful people there are," she said."You put a seed in the ground, you expect to get a crop out of it."Facing a supply glut, the US Department of Agriculture projects the average farm price for corn will drop to its lowest level in 14 years in the 2020-2021 growing season.
Dave Burrier said the current conditions are a grim echo of the 1980s – a decade he would prefer to forget – when a combination of low commodity prices, heavy debt burdens, and a grain embargo against the Soviet Union ruined American farmers.Plenty has changed in the more than 4 decades Burrier, 67, has been farming.
Danielle Bauer, executive director of both the Delaware and Maryland soybean boards, said farmers in her area have stepped up exports to Taiwan and are expecting increased demand for high oleic soybean oil, a variety grown exclusively in the US.
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