Our market, our future
Thomas Jefferson once said, “Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness.”
Our lives without agriculture would be pretty croppy. Agriculture makes up for about 40% of the United States stock market and is now steadier than ever. As of the day this was written
(April 30th), corn was up from yesterday(April 29th), and is at $359.50 per bushel. Soybeans are down $1.50, and at $871.25. But there are plenty more agriculture stocks where that come from.
Indiana’s agriculture is now taking a turn for the better. Technology is at it’s height with self driving tractors, drones,
quality data, and even sprayers that you can turn on from your phone. This may be scary to some but farming is becoming less of a human job and more of a robotic job. The good thing is that this could be better for stocks. With more advances in technology, farmers could now do 2, 3, 4, or even 5 fields all at once whether it’s spreading fertilizer, cutting crops, watering fields, and watching animals from the sky. But this all comes at a cost. Just one self-driving tractor could cost over 100-200 thousand dollars. Unfortunately these tractors are still in the working.
Today’s stock market could be a completely different to tomorrow. We could be shot back down into another great depression in just a matter of hours, so therefore, watch the stocks and learn from the past.