Finding a path to stability in volatile times
The year 2010 was a wild ride. We had spring and fall flooding in many parts of the state followed by ideal weather for harvesting and then record snowfalls in December. Commodity prices started the year calm and then a mid-year rally drove wheat, corn and soybean prices higher than most people expected. At the same time, federal spending grew to new levels as the projected Minnesota State budget deficit passed the $6 billion mark.
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