It might seem like years ago, but it was just last June farmers reported selling $8 cash corn and $18 cash soybeans. Today, cash prices look much different, hovering around $5.50 for corn and $13 for soybeans.
John Phipps thinks many, if not most, of the electric vehicle startups will fail, but he also thinks their sheer number will chip away at the dominance of major car companies and spur a change in current regulations.
The economic environment we're in today is very similar to the 1970s and into the mid-80s. During that time many farmers went broke and, in the process, learned these two lessons.
