No because various governments especially the US give farmers money to when they grow corn on top of the market price. They also put taxes on imported corn greater than those on domestically grown corn. This gives an unfair advantage in the market for US corn.
Corn farming can be characterized as an oligopoly in certain regions, particularly in the United States, where a few large companies dominate seed production and agricultural inputs. These companies control significant market shares and influence prices, making it challenging for smaller farmers to compete. However, the farming itself is often conducted by many individual farmers, leading to a more fragmented market at the production level. Thus, while the supply chain may exhibit oligopolistic traits, the actual farming sector remains diverse.
CORN
Perfectly competitive markets are those where a "standardized" product (think corn or wheat) is exchanged. In such markets there are many, many sellers and buyers, so no single buyer or seller is able to have any effect on the market via their actions.
As of September 6, 2009 corn is $3.06/bushel!
Approx $3.50 per bushel
No. Wheat farming is and can be located where corn is being farmed, just in different fields from that of the corn field.
The farming of corn in Peru started in 1200 B.C.
CORN! CORN! and more CORN!
CORN
corn
Corn farming can be characterized as an oligopoly in certain regions, particularly in the United States, where a few large companies dominate seed production and agricultural inputs. These companies control significant market shares and influence prices, making it challenging for smaller farmers to compete. However, the farming itself is often conducted by many individual farmers, leading to a more fragmented market at the production level. Thus, while the supply chain may exhibit oligopolistic traits, the actual farming sector remains diverse.
farming < a grain??>
CORN
The Grain Market.
at this time soybean and corn
they farmed corn
Perfectly competitive markets are those where a "standardized" product (think corn or wheat) is exchanged. In such markets there are many, many sellers and buyers, so no single buyer or seller is able to have any effect on the market via their actions.