Wheat Backgrounder

by Gary Vocke, Edward Allen, and Mir Ali

U.S. wheat plantings are about 30 percent lower than in the early 1980s. Wheat demand fell with changing consumer preferences and strong competition in export markets. Low returns led to the substitution of competing crops for wheat, particularly on the Plains. Farms depending on wheat sales for over half of their receipts have much lower farm incomes and financial assets compared with other farms producing wheat.

Keywords: United States, wheat, demand, supply, trade policy, income, expenses, government payments

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• Wheat Backgrounder

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