Back to magazine table of contents Farm Economics 101 Laws of Supply and Demand Work Differently in Production Agriculture by Jamie Sue Linder F armers across the nation are struggling to make ends meet these days, and Tennessee farmers are no exception. And when farmers leave their land, whole communities are impacted.
Churches lose their leaders.
Suppliers lose their customers. There's no doubt that recent changes in the farm economy have hurt a lot of people. In a nutshell, he said, the basic laws of supply and demand apply differently to farming. Take the grain sector, for instance. A manufacturing plant can cut production any given week or month.