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Analyse the bold portion of the following quote. Draw a graph to show why the barley farmers are willing to produce at a loss. Barley
Analyse the bold portion of the following quote. Draw a graph to show why the barley farmers are willing to produce at a loss. "Barley prices for U.S. producers are expected to trail last marketing year, even though the overall domestic balance sheet for barley is expected to be little changed from last year (the supply of U.S. barley left over at the end of the marketing year is projected to be nearly identical to last year's residual supply). As a result, similar to wheat producers, most barley farmers will face prices for the 2020/2021 marketing year below their total costs of production. This has been the case for the last few years, and will remain the case until there is some sort of disruption to world supplies
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