How might a drought that destroys half of all farm crops be good for farmers? If such drought is good for farmers, why don't farmers destroy their own crops in the absence of the drought?


2 Answers

John McCann Profile
John McCann answered
The price of the remaining crops would go up.

I do not know the answer to the second question but I assume farmers get into farm not just to make money as there is not much money in family farming.
Oddman Profile
Oddman answered
If an individual farmer destroys half his crop, the remaining crop does not get more valuable on the general market. If weather destroys half of the crop from many farms, the general market values the remaining crop more.

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