In several recent columns, CNBC.com senior editor John Carney has dismissed any notion of a farm labor crisis, claiming that record farm profits suggest no such crisis exists. The senior editor’s all too common error is to grossly oversimplify American agriculture and draw the wrong conclusions as a result.
The world’s second-largest wheat, corn and sugar trader tells CNBC that while agricultural prices will remain high the rest of the year, the world isn't going to experience a renewed food crisis.