Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management.

Description: The ripening corn and soybean fields stretch for miles in every direction from Dennis Wentworth’s farm in Downs, Illinois. As he marveled at his best-yielding crops ever, he wondered aloud where the heck he’ll put it all.

Source: Bloomberg.com

Date: Aug 22, 2014

Link: http://www.bloomberg.com/news/2014-08-22/too-much-corn-with-nowhere-to-go-as-u-s-sees-record-crop.html

Questions for Discussions:

  • How does this article illustrate the forces of supply and demand in the marketplace?
  • How would you expect the marketplace to deal with the excess supply “problem”?

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