MONTICELLO, Ill. — Even as Eric Miller looks at potentially bumper crops of corn, full-season soybeans and double-crop soybeans, the specter of lower commodity prices lurks.
Miller said that saving during the boom years will help cushion the blow of a period of low commodity prices.
“We’ve been farming long enough that we understand the cycles of the business. We conduct business knowing that, in the years that you are making profits — and certainly the last couple of years have been fantastic — you better be setting some of that aside because it can change in a hurry,” he said. “That is certainly what it looks like this year.”…