Sticky Production – Agriculture’s Version of Sticky Wages?

"Last time we were asked to feed the world, everyone planted more until 1985, when they continued to plant more, even though the market told them not too. We don't do a very good job responding to when the market tells us not to plant." Cal Whewell,  FC Stone Risk Management Consultant Since hearing this comment …

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Agriculture’s Predictable Surprise(s)

I suppose a good way to narrow down a topic for this paper is to consider those issues which one might consider to be predictable surprises. Predictable surprise: a situation or circumstance in which avoidable crises are marginalized in order to satisfy economic and social policies. (Wikipedia, 2013) Max H Bazerman & Michael D Watkins …

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