02-20-2014 07:58 AM
There are 3 different scenaryos where that might work and none are likely to happen until prices get and stay a whole lot worse.
1. The government antitrust department continues to sleep and we are reduced to only 3 or 4 super producers farming the entire world of grain exporting countries. Of course, all of the rest of us will have to be out of the bidness before that happens.
2. Some guy named Guido breaks the kneecaps of anyone planting more than their allotted share. Given the number of farmers even Guido will probably need some help to make that happen.
3. A new farm bill reincarnates the old set aside idled acres in return for price supports ala the 1960s. Unfortunately, no one seems to feel sorry for the poor farmers driving their new Lexus's like they used to back when they were driving their beaters to California to pick oranges.
Otherwise history says getting 99.5% of all the farmers to commit to something like this is more difficult than herding cats. Ask the old timers from the NFO back in the 60's and 70's if you need boots on the ground verification.
Hmm, the more I think about this the more I am starting to think like BF.