Farmers withholding some of their current corn harvest from the market because they anticipate a higher price of corn in the near future would cause a.

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Farmers withholding some of their current corn harvest from the market because they anticipate a higher price of corn in the near future would cause a.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-06-06T12:58:21+02:00

Farmers withholding some of their current corn harvest from the market because they anticipate a higher price of corn in the near future would cause supply shortage and price inflation. This is further explained below.

What is price inflation.?

Generally, price inflation is simply defined as Costly products and services rising in value over a period of time.

In conclusion, Corn prices are expected to rise in the near future, thus farmers are deciding to keep part of their present crop from the market. This will result in a scarcity of corn and an increase in prices.