Lol. “High.” However seriously if wheat prices rose, more farmers would grow wheat and prices would return to equilibrium — people being paid subsidies to grow nothing would suddenly find it profitable to grow wheat. Supply and demand works. The real problem is that farming is so heavily subsidized that actual supply and demand doesn’t always result in correct prices.
Lol. “High.” However seriously if wheat prices rose, more farmers would grow wheat and prices would return to equilibrium — people being paid subsidies to grow nothing would suddenly find it profitable to grow wheat. Supply and demand works. The real problem is that farming is so heavily subsidized that actual supply and demand doesn’t always result in correct prices.