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Economic Perspectives, Vol. 11, 3rd, No. 5, September 1987
Nothing is forever: Boom and bust in Midwest farming
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.
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